Orbis Allan Gray Ltd Grows Position in Vipshop Holdings Limited $VIPS

Key Points

• Orbis Allan Gray Ltd increased its stake in Vipshop Holdings by 18.3%, owning approximately 7 million shares valued at $109.90 million as of the latest SEC filing.
• Analysts have mixed views on Vipshop, with price targets ranging from $17.30 to $19.00, resulting in a consensus rating of "Moderate Buy" and a target price of $18.33.
• Vipshop's stock has seen a 12-month high of $17.94 and a current price of around $16.77, reflecting a market cap of $8.60 billion.

Orbis Allan Gray Ltd increased its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 18.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,009,180 shares of the technology company's stock after purchasing an additional 1,084,345 shares during the period. Orbis Allan Gray Ltd owned 1.37% of Vipshop worth $109,904,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VIPS. First Trust Advisors LP raised its position in shares of Vipshop by 85.6% during the 4th quarter. First Trust Advisors LP now owns 26,523 shares of the technology company's stock valued at $357,000 after purchasing an additional 12,229 shares during the period. Northern Trust Corp raised its position in shares of Vipshop by 91.2% during the 4th quarter. Northern Trust Corp now owns 2,591,643 shares of the technology company's stock valued at $34,909,000 after purchasing an additional 1,236,106 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in Vipshop during the fourth quarter valued at $277,000. Ameriprise Financial Inc. grew its stake in Vipshop by 23.5% during the fourth quarter. Ameriprise Financial Inc. now owns 585,654 shares of the technology company's stock valued at $7,889,000 after acquiring an additional 111,276 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Vipshop by 16.6% during the fourth quarter. BNP Paribas Financial Markets now owns 1,562,628 shares of the technology company's stock valued at $21,049,000 after acquiring an additional 222,193 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors.

Vipshop Price Performance

Shares of Vipshop stock traded up $0.07 during trading hours on Monday, reaching $16.77. The company's stock had a trading volume of 1,979,524 shares, compared to its average volume of 2,614,623. The firm has a 50 day moving average price of $15.76 and a 200-day moving average price of $15.08. Vipshop Holdings Limited has a one year low of $12.14 and a one year high of $17.94. The stock has a market cap of $8.60 billion, a P/E ratio of 9.11, a P/E/G ratio of 1.88 and a beta of 0.70.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on VIPS shares. Zacks Research cut shares of Vipshop from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. Barclays cut 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 cut 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. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. cut their target price 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. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.33.

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.