Myriad Asset Management US LP Takes $1.90 Million Position in Vipshop Holdings Limited (NYSE:VIPS)

Myriad Asset Management US LP purchased a new stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 121,398 shares of the technology company's stock, valued at approximately $1,904,000. Vipshop makes up approximately 0.8% of Myriad Asset Management US LP's portfolio, making the stock its 21st largest position.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Vipshop by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock worth $188,060,000 after purchasing an additional 79,254 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Vipshop by 14.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,063,150 shares of the technology company's stock worth $108,608,000 after purchasing an additional 993,042 shares during the period. Invesco Ltd. raised its position in shares of Vipshop by 28.4% during the 4th quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company's stock worth $104,516,000 after purchasing an additional 1,718,159 shares during the period. Norges Bank acquired a new stake in shares of Vipshop during the 4th quarter worth approximately $64,115,000. Finally, Polaris Capital Management LLC acquired a new stake in shares of Vipshop during the 4th quarter worth approximately $63,095,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Trading Up 1.2%

VIPS traded up $0.18 during trading hours on Friday, hitting $14.65. The company's stock had a trading volume of 3,170,327 shares, compared to its average volume of 3,793,722. The firm has a market capitalization of $7.52 billion, a PE ratio of 7.01, a PEG ratio of 1.52 and a beta of 0.60. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The company has a 50-day simple moving average of $13.83 and a 200 day simple moving average of $14.31.

Wall Street Analysts Forecast Growth

VIPS has been the topic of several analyst reports. Wall Street Zen lowered Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. Citigroup cut shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a report on Tuesday, April 1st. Finally, Barclays dropped their price objective on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $15.10.

Vipshop 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.