GSA Capital Partners LLP Invests $695,000 in Vipshop Holdings Limited (NYSE:VIPS)

GSA Capital Partners LLP purchased a new stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 44,313 shares of the technology company's stock, valued at approximately $695,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VIPS. Krane Funds Advisors LLC grew its holdings in Vipshop by 7.8% in the 1st quarter. Krane Funds Advisors LLC now owns 15,839,097 shares of the technology company's stock valued at $248,357,000 after buying an additional 1,148,307 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Vipshop by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock valued at $188,060,000 after purchasing an additional 79,254 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Vipshop by 13.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock valued at $197,010,000 after purchasing an additional 1,456,862 shares during the period. Dimensional Fund Advisors LP increased its position in Vipshop by 14.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,063,150 shares of the technology company's stock worth $108,608,000 after purchasing an additional 993,042 shares during the last quarter. Finally, Invesco Ltd. raised its stake 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 purchasing an additional 1,718,159 shares during the period. Institutional investors and hedge funds own 48.82% of the company's stock.

Analysts Set New Price Targets

VIPS has been the topic of a number of recent analyst reports. Barclays decreased their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Bank of America decreased 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 cut Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. decreased their target price on Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, June 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $15.83.

Vipshop Price Performance

Shares of VIPS opened at $15.13 on Friday. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $17.94. The stock has a market cap of $7.76 billion, a PE ratio of 7.92, a price-to-earnings-growth ratio of 1.69 and a beta of 0.54. The firm has a fifty day moving average price of $15.01 and a 200 day moving average price of $14.81.

Vipshop Company 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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