Vipshop Holdings Limited (NYSE:VIPS) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,847 shares of the technology company's stock after buying an additional 19,515 shares during the period. DekaBank Deutsche Girozentrale owned about 0.08% of Vipshop worth $6,445,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new position in Vipshop during the 4th quarter valued at about $64,115,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Vipshop by 3,533.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company's stock worth $310,000 after buying an additional 1,965,244 shares during the period. Principal Financial Group Inc. purchased a new stake in Vipshop during the first quarter worth $27,051,000. Invesco Ltd. lifted its holdings 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, Packer & Co Ltd purchased a new stake in Vipshop during the first quarter worth $24,292,000. Hedge funds and other institutional investors own 48.82% of the company's stock.

Vipshop Trading Up 3.3%

Shares of VIPS stock traded up $0.51 on Tuesday, reaching $15.62. 4,530,990 shares of the stock were exchanged, compared to its average volume of 3,617,767. The business's 50 day moving average price is $14.69 and its 200 day moving average price is $14.56. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 2.56 and a beta of 0.58. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $17.94.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VIPS shares. Citigroup downgraded Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research report on Tuesday, April 1st. Wall Street Zen downgraded Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. JPMorgan Chase & Co. lowered 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. Finally, Barclays lowered 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. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $15.58.

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.