Nuveen LLC Acquires New Position in Vipshop Holdings Limited $VIPS

Key Points

• Nuveen LLC acquired a new stake in Vipshop Holdings Limited, purchasing 753,556 shares for approximately $11.8 million, now owning about 0.15% of the company.
• Several other institutional investors have also increased their holdings in Vipshop, with 48.82% of the stock currently owned by such investors.
• Analysts have provided mixed ratings for Vipshop, with an average rating of "Moderate Buy" and a price target of $18.33.

Nuveen LLC purchased a new stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 753,556 shares of the technology company's stock, valued at approximately $11,816,000. Nuveen LLC owned about 0.15% of Vipshop as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in Vipshop in the 1st quarter valued at $35,000. Atlas Capital Advisors Inc. increased its holdings in Vipshop by 41.5% in the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock valued at $56,000 after acquiring an additional 1,046 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Vipshop in the 1st quarter valued at $62,000. AM Investment Strategies LLC bought a new stake in Vipshop in the 1st quarter valued at $157,000. Finally, Ballentine Partners LLC bought a new stake in Vipshop in the 1st quarter valued at $163,000. 48.82% of the stock is currently owned by institutional investors.

Vipshop Trading Down 1.3%

Shares of VIPS stock traded down $0.23 during trading hours on Wednesday, reaching $16.89. 831,734 shares of the stock were exchanged, compared to its average volume of 3,484,192. Vipshop Holdings Limited has a 12-month low of $12.14 and a 12-month high of $17.94. The company's 50-day moving average price is $15.59 and its 200-day moving average price is $15.04. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 1.89 and a beta of 0.54.

Wall Street Analyst Weigh In

A number of brokerages have commented on VIPS. JPMorgan Chase & Co. dropped their price objective on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Citigroup lifted their price objective on shares of Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th. Bank of America dropped their price objective on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research note on Friday, July 18th. Barclays dropped their price objective on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Finally, Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $18.33.

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.