Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 62,943 shares of the technology company's stock, valued at approximately $848,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. lifted its position in shares of Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock worth $134,000 after buying an additional 1,487 shares during the period. Jump Financial LLC bought a new position in Vipshop in the 4th quarter valued at $161,000. Vontobel Holding Ltd. bought a new position in Vipshop in the 4th quarter valued at $165,000. Wilmington Savings Fund Society FSB bought a new position in Vipshop in the 4th quarter valued at $175,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Vipshop in the 4th quarter valued at $210,000. Institutional investors own 48.82% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on VIPS shares. Barclays cut their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Citigroup downgraded Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective for the company. in a research report on Tuesday, April 1st. Finally, Wall Street Zen downgraded Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $15.10.
View Our Latest Report on VIPS
Vipshop Price Performance
Shares of VIPS stock traded down $0.02 on Tuesday, reaching $14.16. 2,742,972 shares of the stock were exchanged, compared to its average volume of 3,795,512. The stock has a market cap of $7.27 billion, a PE ratio of 6.77, a P/E/G ratio of 1.52 and a beta of 0.60. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $17.94. The stock has a 50 day moving average price of $13.90 and a 200 day moving average price of $14.30.
About Vipshop
(
Free Report)
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.
Read More
Before you consider Vipshop, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vipshop wasn't on the list.
While Vipshop currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
