Packer & Co Ltd Takes Position in Vipshop Holdings Limited (NYSE:VIPS)

Packer & Co Ltd bought a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,549,263 shares of the technology company's stock, valued at approximately $24,292,000. Vipshop comprises 7.4% of Packer & Co Ltd's investment portfolio, making the stock its 4th largest holding. Packer & Co Ltd owned about 0.30% of Vipshop as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sound Income Strategies LLC purchased a new stake in shares of Vipshop during the first quarter valued at $62,000. Jump Financial LLC acquired a new stake in Vipshop during the 4th quarter worth about $161,000. Vontobel Holding Ltd. acquired a new stake in Vipshop during the 4th quarter worth about $165,000. D Orazio & Associates Inc. boosted its position in Vipshop by 22.5% during the 1st quarter. D Orazio & Associates Inc. now owns 15,335 shares of the technology company's stock worth $240,000 after acquiring an additional 2,816 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Vipshop during the 4th quarter worth about $210,000. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Price Performance

VIPS opened at $14.85 on Friday. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The business has a 50-day moving average of $14.11 and a 200-day moving average of $14.41. The company has a market capitalization of $7.62 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 2.51 and a beta of 0.57.

Analyst Ratings Changes

VIPS has been the subject of a number of research reports. Wall Street Zen lowered Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. Barclays decreased their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Finally, Citigroup lowered Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective for the company. in a research report on Tuesday, April 1st. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.

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