Vipshop Holdings Limited (NYSE:VIPS) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,490,590 shares of the technology company's stock after buying an additional 135,592 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.87% of Vipshop worth $70,412,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in VIPS. Wayfinding Financial LLC purchased a new stake in Vipshop during the first quarter valued at about $35,000. Sound Income Strategies LLC purchased a new stake in Vipshop in the 1st quarter worth approximately $62,000. Jump Financial LLC bought a new position in shares of Vipshop in the 4th quarter worth approximately $161,000. Ballentine Partners LLC bought a new position in shares of Vipshop in the 1st quarter worth approximately $163,000. Finally, Vontobel Holding Ltd. raised its position in shares of Vipshop by 19.1% in the 1st quarter. Vontobel Holding Ltd. now owns 14,638 shares of the technology company's stock worth $230,000 after acquiring an additional 2,352 shares in the last quarter. Institutional investors own 48.82% of the company's stock.

Vipshop Trading Up 3.1%

Shares of Vipshop stock traded up $0.48 during trading hours on Friday, reaching $15.79. The stock had a trading volume of 2,117,431 shares, compared to its average volume of 3,626,157. The stock's 50 day moving average is $14.82 and its 200 day moving average is $14.63. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $17.94. The firm has a market capitalization of $8.10 billion, a PE ratio of 8.27, a PEG ratio of 2.66 and a beta of 0.58.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VIPS. Bank of America dropped 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. JPMorgan Chase & Co. reduced their price objective on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Wall Street Zen lowered Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Barclays cut their price target on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Finally, Citigroup lowered 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. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Vipshop 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.