105,437 Shares in Vipshop Holdings Limited $VIPS Purchased by Caxton Associates LLP

Key Points

• Caxton Associates LLP made a significant investment in Vipshop Holdings, acquiring 105,437 shares valued at approximately $1.65 million in the first quarter.
• Multiple hedge funds have also increased their stakes in Vipshop, with Mirae Asset Global Investments raising its position by over 3,500% during the same period.
• Analysts have recently adjusted their ratings on Vipshop, with reports indicating a shift from "buy" to "hold" ratings, and a consensus target price of $18.33.

Caxton Associates LLP purchased a new stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 105,437 shares of the technology company's stock, valued at approximately $1,653,000.

Other hedge funds also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new position in Vipshop in the first quarter valued at approximately $35,000. Brooklyn Investment Group increased its stake in Vipshop by 1,695.2% in the first 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. increased its stake in Vipshop by 41.5% in the first 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 during the last quarter. Sound Income Strategies LLC purchased a new position in Vipshop in the first quarter valued at approximately $62,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Vipshop in the first quarter valued at approximately $86,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Stock Up 0.1%

Shares of NYSE VIPS traded up $0.01 during mid-day trading on Friday, hitting $18.17. 3,016,245 shares of the company were exchanged, compared to its average volume of 2,387,175. The stock has a 50 day simple moving average of $16.20 and a 200-day simple moving average of $15.24. Vipshop Holdings Limited has a 1-year low of $12.14 and a 1-year high of $18.53. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 2.04 and a beta of 0.70.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Bank of America lowered their target price on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research report on Friday, July 18th. Zacks Research lowered shares of Vipshop from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Citigroup raised their target price on shares of Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th. Barclays lowered their target price on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Finally, Wall Street Zen raised Vipshop from a "hold" rating to a "buy" rating in a report on Saturday. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.33.

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.