Vipshop Holdings Limited $VIPS Shares Bought by BNP Paribas Financial Markets

Key Points

• BNP Paribas Financial Markets increased its holdings in Vipshop Holdings Limited by 20.1%, acquiring an additional 314,440 shares during the first quarter.
• Several institutional investors made significant adjustments to their positions in Vipshop, with 48.82% of the stock now owned by these entities.
• Wall Street analysts have mixed views on Vipshop, with ratings ranging from "hold" to "buy" and a current consensus target price of $18.33.

BNP Paribas Financial Markets boosted its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 20.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,877,068 shares of the technology company's stock after acquiring an additional 314,440 shares during the period. BNP Paribas Financial Markets owned 0.37% of Vipshop worth $29,432,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Baader Bank Aktiengesellschaft grew its stake in Vipshop by 5.0% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 15,755 shares of the technology company's stock valued at $245,000 after acquiring an additional 755 shares in the last quarter. Atlas Capital Advisors Inc. grew its stake in Vipshop by 41.5% during the 1st 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 in the last quarter. Asset Management One Co. Ltd. grew its stake in Vipshop by 2.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 54,607 shares of the technology company's stock valued at $856,000 after acquiring an additional 1,165 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Vipshop by 5.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 43,510 shares of the technology company's stock valued at $682,000 after acquiring an additional 2,126 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in Vipshop during the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 48.82% of the company's stock.

Vipshop Price Performance

Shares of NYSE:VIPS traded up $0.19 during mid-day trading on Friday, reaching $17.16. 2,587,411 shares of the company were exchanged, compared to its average volume of 2,421,650. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 1.93 and a beta of 0.70. The firm's 50-day simple moving average is $15.92 and its 200 day simple moving average is $15.14. Vipshop Holdings Limited has a 1 year low of $12.14 and a 1 year high of $17.94.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Wall Street Zen lowered shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Zacks Research lowered shares of Vipshop from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Citigroup boosted their target price on shares of Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a report on Friday, August 15th. Finally, Bank of America decreased their target price on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a report on Friday, July 18th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Vipshop has an average rating of "Moderate Buy" and a consensus price target of $18.33.

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.