Causeway Capital Management LLC Boosts Stock Position in Vipshop Holdings Limited $VIPS

Key Points

• Causeway Capital Management LLC increased its stake in Vipshop Holdings Limited by 140.7%, owning 726,618 shares valued at approximately $11.4 million as of the latest SEC filing.
• Analysts have been adjusting their price targets for VIPS, with JPMorgan lowering it from $20.00 to $18.00 while Citigroup raised it from $17.00 to $19.00, indicating mixed sentiments on the stock.
• The stock opened at $16.96 with a market capitalization of $8.70 billion, reflecting significant interest from institutional investors who currently own nearly 49% of the shares.

Causeway Capital Management LLC boosted its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 140.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 726,618 shares of the technology company's stock after buying an additional 424,803 shares during the quarter. Causeway Capital Management LLC owned approximately 0.14% of Vipshop worth $11,393,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in VIPS. Baader Bank Aktiengesellschaft raised its position in shares of Vipshop by 5.0% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 15,755 shares of the technology company's stock valued at $245,000 after purchasing an additional 755 shares during the last quarter. Atlas Capital Advisors Inc. lifted its holdings in Vipshop by 41.5% in the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock valued at $56,000 after purchasing an additional 1,046 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Vipshop by 2.2% in the first quarter. Asset Management One Co. Ltd. now owns 54,607 shares of the technology company's stock worth $856,000 after buying an additional 1,165 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Vipshop by 5.1% in the first quarter. Envestnet Asset Management Inc. now owns 43,510 shares of the technology company's stock valued at $682,000 after purchasing an additional 2,126 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in shares of Vipshop during the 1st quarter valued at approximately $35,000. 48.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Vipshop Stock Performance

Shares of VIPS stock opened at $16.96 on Tuesday. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 1.93 and a beta of 0.54. The company has a 50 day moving average price of $15.55 and a 200 day moving average price of $15.03. Vipshop Holdings Limited has a one year low of $11.93 and a one year 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.

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