Cerity Partners LLC Purchases 17,127 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Cerity Partners LLC grew its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 30.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,033 shares of the technology company's stock after buying an additional 17,127 shares during the period. Cerity Partners LLC's holdings in Vipshop were worth $1,161,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Vipshop in the 1st quarter worth $427,000. Bank of New York Mellon Corp lifted its stake in shares of Vipshop by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 560,933 shares of the technology company's stock worth $8,795,000 after acquiring an additional 22,204 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Vipshop in the 1st quarter worth $27,051,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of Vipshop in the 4th quarter worth $1,990,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Bank of America dropped their target price on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a report on Friday, July 18th. JPMorgan Chase & Co. cut their target price on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Citigroup cut shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a research report on Tuesday, April 1st. Finally, Barclays cut their target price on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $15.83.

Vipshop Trading Down 1.0%

VIPS stock traded down $0.16 during mid-day trading on Friday, reaching $15.98. 1,181,362 shares of the stock traded hands, compared to its average volume of 2,530,422. The company has a market cap of $8.19 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.78 and a beta of 0.58. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $17.94. The stock's fifty day moving average is $14.94 and its 200-day moving average is $14.73.

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.