Bank of New York Mellon Corp Raises Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Bank of New York Mellon Corp increased its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 560,933 shares of the technology company's stock after purchasing an additional 22,204 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.11% of Vipshop worth $8,795,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in VIPS. Summit Global Investments boosted its stake in Vipshop by 10.2% during the fourth quarter. Summit Global Investments now owns 52,227 shares of the technology company's stock worth $703,000 after buying an additional 4,819 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Vipshop by 5.9% in the 4th quarter. American Century Companies Inc. now owns 1,478,944 shares of the technology company's stock valued at $19,921,000 after purchasing an additional 82,989 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Vipshop in the 4th quarter valued at $2,000,000. LPL Financial LLC lifted its stake in shares of Vipshop by 114.9% in the 4th quarter. LPL Financial LLC now owns 24,164 shares of the technology company's stock valued at $325,000 after purchasing an additional 12,919 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Vipshop by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock valued at $188,060,000 after acquiring an additional 79,254 shares during the period. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Stock Down 0.1%

VIPS opened at $15.78 on Tuesday. The firm has a market cap of $8.09 billion, a PE ratio of 8.26, a P/E/G ratio of 2.66 and a beta of 0.58. The business has a fifty day simple moving average of $14.82 and a 200-day simple moving average of $14.64. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Citigroup downgraded Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a report on Tuesday, April 1st. Barclays lowered their target price on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Bank of America lowered their target price on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research note on Friday. JPMorgan Chase & Co. lowered their target price on Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, June 30th. Finally, Wall Street Zen cut Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.83.

Vipshop Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.

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