Vipshop Holdings Limited $VIPS Shares Sold by Carmignac Gestion

Key Points

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Carmignac Gestion lowered its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 9.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,959,821 shares of the technology company's stock after selling 975,237 shares during the quarter. Vipshop makes up approximately 2.3% of Carmignac Gestion's portfolio, making the stock its 16th biggest position. Carmignac Gestion owned approximately 1.75% of Vipshop worth $140,548,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wayfinding Financial LLC purchased a new position in Vipshop during the 1st quarter worth $35,000. Brooklyn Investment Group grew its stake in shares of Vipshop by 1,695.2% in the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock valued at $41,000 after purchasing an additional 2,475 shares during the last quarter. Atlas Capital Advisors Inc. raised its stake in shares of Vipshop by 41.5% during the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock worth $56,000 after purchasing an additional 1,046 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Vipshop during the first quarter worth $62,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Vipshop in the 1st quarter valued at $86,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Price Performance

VIPS traded up $0.3050 during midday trading on Friday, reaching $17.2650. 2,419,115 shares of the company's stock were exchanged, compared to its average volume of 2,621,466. Vipshop Holdings Limited has a 1-year low of $11.93 and a 1-year high of $17.94. The stock has a market capitalization of $8.85 billion, a PE ratio of 9.38, a P/E/G ratio of 1.93 and a beta of 0.54. The business's 50-day moving average price is $15.51 and its 200 day moving average price is $15.01.

Analysts Set New Price Targets

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

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.