BI Asset Management Fondsmaeglerselskab A S Takes Position in Vipshop Holdings Limited $VIPS

Key Points

• BI Asset Management has acquired a new stake in Vipshop Holdings Limited, purchasing 74,885 shares valued at approximately $1,174,000 in the first quarter.
• Multiple institutional investors have modified their positions in Vipshop, with Brooklyn Investment Group increasing its stake by 1,695.2% during the same period.
• Analysts' ratings for Vipshop show mixed sentiment, with a consensus rating of "Moderate Buy" and a target price averaging around $18.33.

BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 74,885 shares of the technology company's stock, valued at approximately $1,174,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in Vipshop during the first quarter valued at approximately $35,000. Brooklyn Investment Group lifted its position in Vipshop by 1,695.2% during the first quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock valued at $41,000 after acquiring an additional 2,475 shares during the last quarter. Atlas Capital Advisors Inc. lifted its position in Vipshop by 41.5% during the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock valued at $56,000 after acquiring an additional 1,046 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in Vipshop during the first quarter valued at approximately $62,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Vipshop during the first quarter valued at approximately $86,000. Hedge funds and other institutional investors own 48.82% of the company's stock.

Wall Street Analyst Weigh In

VIPS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Barclays decreased their price target on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Citigroup raised their price target on shares of Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. Finally, Bank of America decreased their price target on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a report on Friday, July 18th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.33.

Vipshop Stock Performance

Shares of Vipshop stock traded down $0.28 during trading on Wednesday, hitting $16.84. 510,619 shares of the company's stock were exchanged, compared to its average volume of 3,481,929. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 1.89 and a beta of 0.54. The business has a 50-day simple moving average of $15.59 and a 200-day simple moving average of $15.04. Vipshop Holdings Limited has a 52-week low of $12.14 and a 52-week high of $17.94.

Vipshop Company 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.