Fox Run Management L.L.C. Invests $519,000 in Vipshop Holdings Limited $VIPS

Key Points

• Fox Run Management L.L.C. has invested approximately $519,000 in Vipshop Holdings Limited, acquiring 33,115 shares in the first quarter, reflecting growing interest from institutional investors.
• Recent analysis shows that several research firms have revised their price targets for Vipshop, with Bank of America lowering theirs from $17.80 to $17.30 while others like Citigroup have raised their target from $17.00 to $19.00.
• Vipshop's current stock price at $16.96 represents a 2.1% decline, while the company holds a market capitalization of $8.70 billion.

Fox Run Management L.L.C. bought a new position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 33,115 shares of the technology company's stock, valued at approximately $519,000.

Several other institutional investors have also recently made changes to their positions in VIPS. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Vipshop by 3,533.4% in 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 acquiring an additional 1,965,244 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Vipshop in the 1st quarter worth $27,051,000. Packer & Co Ltd bought a new stake in shares of Vipshop in the 1st quarter worth $24,292,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Vipshop by 13.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock worth $197,010,000 after acquiring an additional 1,456,862 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Vipshop by 91.2% in the 4th quarter. Northern Trust Corp now owns 2,591,643 shares of the technology company's stock worth $34,909,000 after acquiring an additional 1,236,106 shares in the last quarter. Institutional investors own 48.82% of the company's stock.

Vipshop Stock Down 2.1%

Shares of NYSE:VIPS opened at $16.96 on Monday. The firm has a market capitalization of $8.70 billion, a PE ratio of 9.22, a P/E/G ratio of 1.89 and a beta of 0.54. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $17.94. The company has a 50-day moving average price of $15.32 and a two-hundred day moving average price of $14.93.

Analysts Set New Price Targets

Several research firms have recently issued reports on VIPS. Wall Street Zen lowered shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Bank of America reduced their price target on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research report on Friday, July 18th. Barclays reduced their price target on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price target on shares of 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 increased their price target on shares of Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $15.97.

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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