Vipshop Holdings Limited (NYSE:VIPS) Stock Holdings Increased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 5.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 405,847 shares of the technology company's stock after purchasing an additional 19,515 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.08% of Vipshop worth $6,445,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in VIPS. Charles Schwab Investment Management Inc. boosted its stake in shares of Vipshop by 16.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,035,334 shares of the technology company's stock valued at $27,416,000 after purchasing an additional 286,604 shares during the period. Daiwa Securities Group Inc. boosted its stake in Vipshop by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company's stock valued at $349,000 after acquiring an additional 1,400 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Vipshop by 32.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,119,045 shares of the technology company's stock valued at $15,074,000 after acquiring an additional 270,986 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in Vipshop by 12.2% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 70,114 shares of the technology company's stock valued at $931,000 after acquiring an additional 7,606 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new position in Vipshop during the 4th quarter valued at $1,577,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Barclays reduced their price objective on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, June 30th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $15.58.

Vipshop Trading Up 1.1%

NYSE:VIPS traded up $0.16 during mid-day trading on Friday, hitting $15.17. The stock had a trading volume of 3,895,051 shares, compared to its average volume of 3,617,812. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of 7.94, a P/E/G ratio of 2.53 and a beta of 0.58. The company has a 50 day simple moving average of $14.69 and a 200-day simple moving average of $14.55. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $17.94.

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.