HighTower Advisors LLC Buys New Shares in Vipshop Holdings Limited $VIPS

Key Points

• HighTower Advisors LLC acquired approximately $507,000 worth of shares in Vipshop Holdings Limited, purchasing 32,362 shares in the first quarter.
• Several institutional investors boosted their stakes in Vipshop, with notable increases from First Trust Advisors and Northern Trust Corp, owning 48.82% of the stock overall.
• Analysts have mixed ratings on Vipshop, with a consensus target price of $18.33 and a current average rating of "Moderate Buy" despite recent price target adjustments.

HighTower Advisors LLC acquired 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 Securities and Exchange Commission. The fund acquired 32,362 shares of the technology company's stock, valued at approximately $507,000.

Several other hedge funds and other institutional investors have also bought and sold shares of VIPS. Public Sector Pension Investment Board raised its position in shares of Vipshop by 14.0% in the 1st quarter. Public Sector Pension Investment Board now owns 123,949 shares of the technology company's stock valued at $1,944,000 after buying an additional 15,200 shares in the last quarter. Nuveen LLC acquired a new position in shares of Vipshop in the 1st quarter valued at approximately $11,816,000. Invesco Ltd. raised its position in shares of Vipshop by 5.3% in the 1st quarter. Invesco Ltd. now owns 8,170,252 shares of the technology company's stock valued at $128,110,000 after buying an additional 411,102 shares in the last quarter. Atlas Capital Advisors Inc. raised its position in shares of Vipshop by 41.5% in 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. Finally, Benjamin Edwards Inc. acquired a new position in shares of Vipshop in the 1st quarter valued at approximately $462,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Stock Performance

Shares of NYSE:VIPS traded up $0.06 during trading on Thursday, reaching $17.01. The stock had a trading volume of 1,858,480 shares, compared to its average volume of 2,475,441. The firm's fifty day moving average is $15.88 and its 200 day moving average is $15.12. Vipshop Holdings Limited has a 52 week low of $12.14 and a 52 week high of $17.94. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 1.90 and a beta of 0.70.

Analysts Set New Price Targets

VIPS has been the subject of several analyst reports. Bank of America dropped their target price 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 dropped their target price 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. Citigroup boosted 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. JPMorgan Chase & Co. lowered their price objective 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, Zacks Research cut shares of Vipshop from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.