HighTower Advisors LLC Takes Position 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 bought a new position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 32,362 shares of the technology company's stock, valued at approximately $507,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VIPS. First Trust Advisors LP boosted its holdings in Vipshop by 85.6% during the fourth quarter. First Trust Advisors LP now owns 26,523 shares of the technology company's stock worth $357,000 after purchasing an additional 12,229 shares during the last quarter. Northern Trust Corp increased its holdings 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 buying an additional 1,236,106 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Vipshop in the 4th quarter valued at $277,000. Ameriprise Financial Inc. boosted its stake in shares of Vipshop by 23.5% in the 4th quarter. Ameriprise Financial Inc. now owns 585,654 shares of the technology company's stock valued at $7,889,000 after purchasing an additional 111,276 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Vipshop by 16.6% in the 4th quarter. BNP Paribas Financial Markets now owns 1,562,628 shares of the technology company's stock valued at $21,049,000 after purchasing an additional 222,193 shares in the last quarter. 48.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VIPS shares. Bank of America dropped 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. JPMorgan Chase & Co. decreased their price target on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Barclays reduced their price objective on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Zacks Research lowered shares of Vipshop from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Finally, Citigroup lifted their price target on shares of Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $18.33.

Vipshop Stock Performance

Shares of VIPS opened at $16.77 on Friday. The company's fifty day moving average is $15.72 and its 200 day moving average is $15.07. Vipshop Holdings Limited has a fifty-two week low of $12.14 and a fifty-two week high of $17.94. The stock has a market capitalization of $8.60 billion, a PE ratio of 9.11, a P/E/G ratio of 1.88 and a beta of 0.54.

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.

Want to see what other hedge funds are holding VIPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vipshop Holdings Limited (NYSE:VIPS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.