Citigroup Inc. Boosts Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Citigroup Inc. grew its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 8.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,276,519 shares of the technology company's stock after purchasing an additional 99,517 shares during the quarter. Citigroup Inc. owned 0.25% of Vipshop worth $20,016,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VIPS. Wayfinding Financial LLC purchased a new position in shares of Vipshop in the first quarter valued at approximately $35,000. Sound Income Strategies LLC purchased a new position in shares of Vipshop in the first quarter valued at approximately $62,000. AM Investment Strategies LLC purchased a new position in shares of Vipshop in the first quarter valued at approximately $157,000. Jump Financial LLC purchased a new position in shares of Vipshop in the fourth quarter valued at approximately $161,000. Finally, Ballentine Partners LLC purchased a new position in shares of Vipshop in the first quarter valued at approximately $163,000. Hedge funds and other institutional investors own 48.82% of the company's stock.

Vipshop Stock Up 4.1%

Shares of Vipshop stock opened at $16.34 on Thursday. The company has a market capitalization of $8.38 billion, a P/E ratio of 8.56, a P/E/G ratio of 1.75 and a beta of 0.54. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $17.94. The company has a 50 day moving average of $15.22 and a 200 day moving average of $14.90.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wall Street Zen lowered shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Barclays decreased their price target on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Bank of America decreased their price target on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. decreased their price target 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. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $15.83.

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.

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