Charles Schwab Investment Management Inc. Has $35.23 Million Position in Vipshop Holdings Limited $VIPS

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Vipshop Holdings Limited by 10.4%, acquiring an additional 211,166 shares and now owning 2,246,500 shares valued at approximately $35.2 million.
• Multiple institutional investors, including Wayfinding Financial LLC and Ballentine Partners LLC, have also recently acquired new stakes in Vipshop, with institutional ownership now at 48.82% of the stock.
• Analysts have provided mixed ratings on Vipshop, with a consensus rating of "Hold" and an average target price of $15.97 amidst recent upgrades and downgrades from various research firms.

Charles Schwab Investment Management Inc. boosted its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 10.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,246,500 shares of the technology company's stock after buying an additional 211,166 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.44% of Vipshop worth $35,225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in Vipshop in the 1st quarter worth approximately $35,000. Sound Income Strategies LLC bought a new position in shares of Vipshop during the 1st quarter valued at $62,000. AM Investment Strategies LLC bought a new position in shares of Vipshop during the 1st quarter valued at $157,000. Ballentine Partners LLC bought a new position in shares of Vipshop during the 1st quarter valued at $163,000. Finally, Jump Financial LLC bought a new position in shares of Vipshop during the 4th quarter valued at $161,000. Hedge funds and other institutional investors own 48.82% of the company's stock.

Wall Street Analysts Forecast Growth

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

Vipshop Stock Performance

Shares of VIPS traded up $0.3050 during trading hours on Friday, reaching $17.2650. 2,419,115 shares of the company traded hands, compared to its average volume of 2,559,580. The stock's fifty day moving average is $15.51 and its 200 day moving average is $15.01. The stock has a market cap of $8.85 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 1.93 and a beta of 0.54. Vipshop Holdings Limited has a 1-year low of $11.93 and a 1-year high of $17.94.

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.