Vipshop Holdings Limited (NYSE:VIPS) Position Boosted by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in Vipshop Holdings Limited (VIPS) by 10.4%, now owning 1,235,341 shares valued at approximately $19.37 million.
• Several hedge funds have recently made new investments in Vipshop, resulting in 48.82% of the stock now being held by institutional investors.
• Analyst ratings for Vipshop show a consensus of "Hold" with a target price of $15.83, after several firms adjusted their price expectations downwards.

Connor Clark & Lunn Investment Management Ltd. increased its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 10.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,235,341 shares of the technology company's stock after buying an additional 116,296 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.24% of Vipshop worth $19,370,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. LPL Financial LLC increased its position in Vipshop by 114.9% during the fourth quarter. LPL Financial LLC now owns 24,164 shares of the technology company's stock worth $325,000 after purchasing an additional 12,919 shares during the last quarter. Geode Capital Management LLC grew its stake in Vipshop by 9.7% during the fourth quarter. Geode Capital Management LLC now owns 3,571,808 shares of the technology company's stock worth $47,929,000 after buying an additional 315,064 shares during the period. Cerity Partners LLC grew its stake in Vipshop by 60.0% during the fourth quarter. Cerity Partners LLC now owns 56,906 shares of the technology company's stock worth $769,000 after buying an additional 21,335 shares during the period. Invesco Ltd. grew its stake in Vipshop by 28.4% during the fourth quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company's stock worth $104,516,000 after buying an additional 1,718,159 shares during the period. Finally, Jump Financial LLC purchased a new stake in Vipshop during the fourth quarter worth approximately $161,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Price Performance

Shares of VIPS stock traded up $0.51 during trading hours on Wednesday, reaching $16.21. The stock had a trading volume of 264,718 shares, compared to its average volume of 3,502,504. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $17.94. The firm has a 50-day simple moving average of $15.18 and a 200-day simple moving average of $14.89. The firm has a market capitalization of $8.31 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 1.71 and a beta of 0.54.

Wall Street Analyst Weigh In

VIPS has been the subject of several analyst reports. Bank of America decreased their target price 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. Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Barclays decreased their target price 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. Finally, JPMorgan Chase & Co. decreased 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. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.83.

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.