Cambridge Investment Research Advisors Inc. Invests $427,000 in Vipshop Holdings Limited (NYSE:VIPS)

Cambridge Investment Research Advisors Inc. purchased 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 firm purchased 27,251 shares of the technology company's stock, valued at approximately $427,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Daiwa Securities Group Inc. grew its holdings in shares of Vipshop by 5.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company's stock valued at $349,000 after purchasing an additional 1,400 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Vipshop by 3.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 44,100 shares of the technology company's stock valued at $594,000 after purchasing an additional 1,500 shares during the period. Aviva PLC boosted its holdings in shares of Vipshop by 1.0% in the fourth quarter. Aviva PLC now owns 261,100 shares of the technology company's stock valued at $3,517,000 after purchasing an additional 2,500 shares during the period. D Orazio & Associates Inc. boosted its holdings in shares of Vipshop by 22.5% in the first quarter. D Orazio & Associates Inc. now owns 15,335 shares of the technology company's stock valued at $240,000 after purchasing an additional 2,816 shares during the period. Finally, Financial Counselors Inc. boosted its holdings in shares of Vipshop by 17.8% in the fourth quarter. Financial Counselors Inc. now owns 20,507 shares of the technology company's stock valued at $276,000 after purchasing an additional 3,095 shares during the period. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Stock Up 1.1%

NYSE VIPS traded up $0.16 on Friday, reaching $15.17. The stock had a trading volume of 3,895,051 shares, compared to its average volume of 3,618,261. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $17.94. The stock has a fifty day moving average price of $14.67 and a two-hundred day moving average price of $14.54. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 7.94, a P/E/G ratio of 2.54 and a beta of 0.58.

Analyst Upgrades and Downgrades

VIPS has been the subject of a number of analyst reports. Wall Street Zen lowered Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Citigroup lowered Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a report on Tuesday, April 1st. JPMorgan Chase & Co. lowered their target price on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Finally, Barclays lowered their target price on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Vipshop presently has a consensus rating of "Hold" and an average target price of $15.58.

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.