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 13F filing with the SEC. The firm 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. Wayfinding Financial LLC bought a new stake in shares of Vipshop in the 1st quarter worth about $35,000. Atlas Capital Advisors Inc. lifted its holdings in Vipshop by 41.5% during the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock valued at $56,000 after buying an additional 1,046 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Vipshop during the 1st quarter valued at about $62,000. Caitong International Asset Management Co. Ltd bought a new stake in Vipshop during the 1st quarter valued at about $86,000. Finally, AM Investment Strategies LLC bought a new stake in Vipshop during the 1st quarter valued at about $157,000. Institutional investors own 48.82% of the company's stock.

Vipshop Price Performance

NYSE VIPS traded up $0.3050 during trading on Friday, reaching $17.2650. 2,419,115 shares of the company's stock traded hands, compared to its average volume of 2,559,580. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 9.38, a price-to-earnings-growth ratio of 1.93 and a beta of 0.54. The company's 50 day simple moving average is $15.51 and its two-hundred day simple moving average is $15.01. Vipshop Holdings Limited has a 12-month low of $11.93 and a 12-month high of $17.94.

Wall Street Analysts Forecast Growth

VIPS has been the subject of a number of research analyst reports. Barclays decreased their price objective on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Wall Street Zen lowered shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Bank of America cut their target price on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research report on Friday, July 18th. Citigroup raised their target price on shares of Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Friday, August 15th. Finally, JPMorgan Chase & Co. cut their target price on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $18.33.

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.