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

Massachusetts Financial Services Co. MA raised its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,490,590 shares of the technology company's stock after purchasing an additional 135,592 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.87% of Vipshop worth $70,412,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. New York State Common Retirement Fund raised its holdings in shares of Vipshop by 37.2% in the 1st quarter. New York State Common Retirement Fund now owns 1,388,505 shares of the technology company's stock worth $21,772,000 after purchasing an additional 376,371 shares during the period. Kathmere Capital Management LLC raised its holdings in shares of Vipshop by 32.2% during the 1st quarter. Kathmere Capital Management LLC now owns 14,904 shares of the technology company's stock valued at $234,000 after buying an additional 3,632 shares during the period. Ballentine Partners LLC purchased a new stake in shares of Vipshop during the 1st quarter valued at about $163,000. Genus Capital Management Inc. raised its holdings in shares of Vipshop by 195.9% during the 1st quarter. Genus Capital Management Inc. now owns 23,218 shares of the technology company's stock valued at $364,000 after buying an additional 47,436 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of Vipshop by 30.1% during the 1st quarter. Cerity Partners LLC now owns 74,033 shares of the technology company's stock valued at $1,161,000 after buying an additional 17,127 shares during the period. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Trading Up 3.1%

VIPS stock traded up $0.48 during midday trading on Friday, hitting $15.79. 2,117,164 shares of the company's stock were exchanged, compared to its average volume of 3,618,693. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $17.94. The firm has a 50 day moving average price of $14.78 and a 200-day moving average price of $14.60. The stock has a market capitalization of $8.10 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 2.55 and a beta of 0.58.

Analyst Upgrades and Downgrades

VIPS has been the topic of several analyst reports. Barclays dropped their target price 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 downgraded Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Bank of America dropped their target price on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a report on Friday. JPMorgan Chase & Co. dropped their target price on Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Finally, Citigroup downgraded Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price on the stock. in a report on Tuesday, April 1st. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Vipshop presently has a consensus rating of "Hold" and a consensus target price of $15.83.

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.