Nuveen LLC Takes 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 bought a new stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 753,556 shares of the technology company's stock, valued at approximately $11,816,000. Nuveen LLC owned 0.15% of Vipshop as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in VIPS. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Vipshop by 3,533.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company's stock valued at $310,000 after buying an additional 1,965,244 shares during the period. Principal Financial Group Inc. bought a new stake in shares of Vipshop in the first quarter valued at about $27,051,000. Packer & Co Ltd bought a new stake in shares of Vipshop in the first quarter valued at about $24,292,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Vipshop by 13.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock valued at $197,010,000 after buying an additional 1,456,862 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Vipshop by 91.2% in the fourth quarter. Northern Trust Corp now owns 2,591,643 shares of the technology company's stock valued at $34,909,000 after buying an additional 1,236,106 shares during the period. Institutional investors own 48.82% of the company's stock.

Vipshop Stock Down 0.7%

VIPS traded down $0.13 during midday trading on Thursday, reaching $16.74. 1,353,093 shares of the company's stock were exchanged, compared to its average volume of 2,738,069. The firm has a market capitalization of $8.58 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 1.89 and a beta of 0.54. Vipshop Holdings Limited has a one year low of $12.14 and a one year high of $17.94. The business has a 50-day simple moving average of $15.68 and a two-hundred day simple moving average of $15.06.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays reduced their target price 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. Bank of America reduced their target price 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. JPMorgan Chase & Co. cut their price target 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 raised their price target 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. 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 a consensus 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.