Jupiter Asset Management Ltd. Makes New Investment in Vipshop Holdings Limited (NYSE:VIPS)

Key Points

• Jupiter Asset Management Ltd. acquired a new position in Vipshop Holdings Limited, purchasing 850,900 shares valued at approximately $13.3 million during the first quarter.
• Several other institutional investors significantly increased their stakes in Vipshop, with Wellington Management Group LLP raising its holdings by 378% in the last quarter.
• Analyst ratings for Vipshop have seen adjustments, with a consensus rating of "Hold" and a revised price target around $15.83, reflecting mixed outlooks from various analysts.

Jupiter Asset Management Ltd. acquired a new stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 850,900 shares of the technology company's stock, valued at approximately $13,342,000. Jupiter Asset Management Ltd. owned approximately 0.17% of Vipshop at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Krane Funds Advisors LLC lifted its position 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 acquiring an additional 1,148,307 shares in the last quarter. Vanguard Group Inc. lifted its position in Vipshop by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock valued at $188,060,000 after acquiring an additional 79,254 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Vipshop by 13.1% in the 1st 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 acquiring an additional 1,456,862 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Vipshop by 14.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,063,150 shares of the technology company's stock valued at $108,608,000 after acquiring an additional 993,042 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Vipshop by 28.4% in the 4th quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company's stock valued at $104,516,000 after acquiring an additional 1,718,159 shares in the last quarter. 48.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Barclays lowered their price target on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Wall Street Zen cut Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Finally, Bank of America lowered their price target on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a report on Friday, July 18th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $15.83.

Vipshop Trading Down 0.2%

Vipshop stock traded down $0.03 during trading on Thursday, reaching $15.24. The company had a trading volume of 217,038 shares, compared to its average volume of 3,531,119. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $17.94. The firm's 50-day simple moving average is $15.08 and its 200 day simple moving average is $14.84. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 1.71 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.