Exchange Traded Concepts LLC bought a new position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 121,282 shares of the technology company's stock, valued at approximately $1,825,000.
A number of other institutional investors and hedge funds have also modified their holdings of VIPS. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Vipshop by 3,533.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company's stock worth $310,000 after purchasing an additional 1,965,244 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Vipshop during the 1st quarter worth approximately $427,000. Bank of New York Mellon Corp boosted its stake in shares of Vipshop by 4.1% during the first quarter. Bank of New York Mellon Corp now owns 560,933 shares of the technology company's stock worth $8,795,000 after buying an additional 22,204 shares during the period. Principal Financial Group Inc. acquired a new position in Vipshop in the 1st quarter valued at $27,051,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Vipshop by 12.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 446,034 shares of the technology company's stock valued at $6,994,000 after acquiring an additional 49,632 shares during the period. Hedge funds and other institutional investors own 48.82% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on VIPS. Bank of America reduced their price target on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research note on Friday, July 18th. Wall Street Zen upgraded Vipshop from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Zacks Research cut Vipshop from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. JPMorgan Chase & Co. cut their price objective on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Finally, Citigroup raised their price objective on Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $18.33.
View Our Latest Stock Analysis on Vipshop
Vipshop Stock Down 0.7%
NYSE:VIPS traded down $0.13 during mid-day trading on Monday, reaching $18.25. 1,485,364 shares of the company were exchanged, compared to its average volume of 2,620,631. The company has a fifty day moving average of $16.61 and a 200 day moving average of $15.33. Vipshop Holdings Limited has a 12 month low of $12.14 and a 12 month high of $18.91. The stock has a market cap of $9.36 billion, a PE ratio of 9.92, a PEG ratio of 2.07 and a beta of 0.70.
Vipshop Profile
(
Free Report)
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.
Featured Stories
Before you consider Vipshop, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vipshop wasn't on the list.
While Vipshop currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
