Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 3,533.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,020,863 shares of the technology company's stock after acquiring an additional 1,965,244 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.39% of Vipshop worth $310,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Asset Management One Co. Ltd. lifted its holdings in Vipshop by 2.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 54,607 shares of the technology company's stock worth $856,000 after buying an additional 1,165 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Vipshop by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company's stock worth $349,000 after buying an additional 1,400 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in Vipshop by 3.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 44,100 shares of the technology company's stock worth $594,000 after buying an additional 1,500 shares during the period. Aviva PLC lifted its holdings in Vipshop by 1.0% during the 4th quarter. Aviva PLC now owns 261,100 shares of the technology company's stock worth $3,517,000 after buying an additional 2,500 shares during the period. Finally, D Orazio & Associates Inc. lifted its holdings in Vipshop by 22.5% during the 1st quarter. D Orazio & Associates Inc. now owns 15,335 shares of the technology company's stock worth $240,000 after buying an additional 2,816 shares during the period. Institutional investors and hedge funds own 48.82% of the company's stock.
Analysts Set New Price Targets
Several research analysts have commented on the company. Wall Street Zen downgraded Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. JPMorgan Chase & Co. cut 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. 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. Finally, Barclays dropped their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $15.58.
Get Our Latest Research Report on VIPS
Vipshop Price Performance
Shares of NYSE:VIPS opened at $14.99 on Monday. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 7.85, a P/E/G ratio of 2.53 and a beta of 0.58. The business's 50-day moving average is $14.57 and its 200-day moving average is $14.51. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $17.94.
Vipshop Profile
(
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.
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