Invesco Ltd. Has $128.11 Million Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Invesco Ltd. boosted its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 5.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 8,170,252 shares of the technology company's stock after buying an additional 411,102 shares during the period. Invesco Ltd. owned approximately 1.59% of Vipshop worth $128,110,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in 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 valued at $310,000 after buying an additional 1,965,244 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Vipshop in the 1st quarter valued at about $427,000. Bank of New York Mellon Corp grew its stake in Vipshop by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 560,933 shares of the technology company's stock valued at $8,795,000 after buying an additional 22,204 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Vipshop in the 1st quarter valued at about $27,051,000. Finally, Harvest Fund Management Co. Ltd grew its stake in Vipshop by 66.6% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 216,491 shares of the technology company's stock valued at $3,103,000 after buying an additional 86,548 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Stock Up 5.8%

NYSE VIPS opened at $17.32 on Friday. The firm has a 50-day moving average price of $15.28 and a two-hundred day moving average price of $14.91. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $17.94. The company has a market capitalization of $8.88 billion, a P/E ratio of 9.07, a P/E/G ratio of 1.83 and a beta of 0.54.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VIPS shares. Barclays decreased their price target on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. JPMorgan Chase & Co. cut their price objective on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Bank of America cut their price objective on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a report on Friday, July 18th. Finally, Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Vipshop currently has an average rating of "Hold" and a consensus target price of $15.83.

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.

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