Caisse DE Depot ET Placement DU Quebec Acquires New Holdings in Vipshop Holdings Limited $VIPS

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired a new stake of 232,400 shares in Vipshop Holdings Limited, valued at approximately $3,644,000.
• Analysts have mixed opinions on Vipshop, with a consensus rating of "Moderate Buy" and an average price target of $18.33.
• Vipshop's stock has a market capitalization of $8.58 billion and a 1-year price range from $12.14 to $17.94.

Caisse DE Depot ET Placement DU Quebec bought a new position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 232,400 shares of the technology company's stock, valued at approximately $3,644,000.

A number of other hedge funds have also modified their holdings of VIPS. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Vipshop by 3,533.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company's stock worth $310,000 after acquiring an additional 1,965,244 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of Vipshop during the first quarter valued at $27,051,000. Packer & Co Ltd purchased a new position in shares of Vipshop during the first quarter valued at $24,292,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Vipshop by 13.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock valued at $197,010,000 after buying an additional 1,456,862 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Vipshop by 91.2% during the fourth quarter. Northern Trust Corp now owns 2,591,643 shares of the technology company's stock valued at $34,909,000 after buying an additional 1,236,106 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VIPS has been the topic of a number of research analyst reports. Zacks Research downgraded Vipshop from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Barclays lowered their price target on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Wall Street Zen downgraded Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Citigroup lifted their price target on 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 lowered their price target on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a report on Friday, July 18th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Vipshop currently has a consensus rating of "Moderate Buy" and an average target price of $18.33.

Vipshop Stock Performance

Shares of Vipshop stock traded up $0.07 during trading on Monday, hitting $16.77. 1,979,524 shares of the stock traded hands, compared to its average volume of 2,614,623. The stock has a market cap of $8.60 billion, a P/E ratio of 9.11, a PEG ratio of 1.88 and a beta of 0.70. Vipshop Holdings Limited has a twelve month low of $12.14 and a twelve month high of $17.94. The company has a fifty day moving average price of $15.72 and a two-hundred day moving average price of $15.07.

About Vipshop

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.