North of South Capital LLP Increases Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

North of South Capital LLP grew its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 5.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,993,198 shares of the technology company's stock after purchasing an additional 195,346 shares during the quarter. Vipshop comprises approximately 7.0% of North of South Capital LLP's holdings, making the stock its 6th largest holding. North of South Capital LLP owned 0.78% of Vipshop worth $62,613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Asset Management One Co. Ltd. grew its holdings in Vipshop by 2.2% during the first quarter. Asset Management One Co. Ltd. now owns 54,607 shares of the technology company's stock valued at $856,000 after purchasing an additional 1,165 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Vipshop by 5.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company's stock worth $349,000 after purchasing an additional 1,400 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Vipshop by 3.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 44,100 shares of the technology company's stock valued at $594,000 after buying an additional 1,500 shares during the period. Vontobel Holding Ltd. increased 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 valued at $230,000 after buying an additional 2,352 shares in the last quarter. Finally, Aviva PLC raised its stake 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. 48.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citigroup cut Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a research note on Tuesday, April 1st. Wall Street Zen lowered Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. JPMorgan Chase & Co. dropped their target price on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Finally, Barclays cut their price target on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Vipshop presently has a consensus rating of "Hold" and an average price target of $15.58.

Vipshop Stock Performance

Vipshop stock traded down $0.08 during midday trading on Friday, reaching $14.99. The stock had a trading volume of 991,947 shares, compared to its average volume of 3,639,148. The stock has a market capitalization of $7.69 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 2.53 and a beta of 0.58. The firm's fifty day simple moving average is $14.57 and its 200-day simple 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 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.