LSV Asset Management Grows Position in Vipshop Holdings Limited (NYSE:VIPS)

Key Points

• LSV Asset Management has increased its stake in Vipshop Holdings by 1.8%, holding approximately 4.99 million shares valued at $78.2 million after acquiring an additional 90,400 shares in Q1.
• Analyst ratings for Vipshop show mixed sentiment, with recent price target reductions from firms like Bank of America and Barclays, leading to an average rating of "Hold" and a target price of $15.83.
• Vipshop's current stock price is around $15.13, with a market cap of $7.76 billion and a PE ratio of 7.92.

LSV Asset Management increased its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,987,113 shares of the technology company's stock after acquiring an additional 90,400 shares during the period. LSV Asset Management owned about 0.97% of Vipshop worth $78,198,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in Vipshop during the 1st quarter worth about $35,000. Sound Income Strategies LLC acquired a new position in Vipshop during the 1st quarter worth about $62,000. AM Investment Strategies LLC acquired a new position in Vipshop during the 1st quarter worth about $157,000. Ballentine Partners LLC acquired a new position in Vipshop during the 1st quarter worth about $163,000. Finally, Jump Financial LLC acquired a new stake in Vipshop in the 4th quarter valued at about $161,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Stock Performance

Shares of NYSE VIPS opened at $15.13 on Friday. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The firm has a market capitalization of $7.76 billion, a PE ratio of 7.92, a price-to-earnings-growth ratio of 1.69 and a beta of 0.54. The stock's 50-day simple moving average is $15.01 and its 200-day simple moving average is $14.81.

Wall Street Analysts Forecast Growth

VIPS has been the topic of a number of analyst reports. Bank of America reduced their price target on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research report on Friday, July 18th. Barclays reduced their price target on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Wall Street Zen lowered Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. Finally, JPMorgan Chase & Co. reduced their price target on Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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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