Quantbot Technologies LP Boosts Stake in Vipshop Holdings Limited $VIPS

Key Points

• Quantbot Technologies LP increased its holdings in Vipshop Holdings Limited, raising its position by 64.6% to own 97,791 shares valued at approximately $1.53 million.
• Other institutional investors like American Century Companies Inc. and Wellington Management Group LLP also expanded their positions in Vipshop, indicating growing interest from the investment community.
• Analyst ratings for Vipshop are mixed, with Bank of America lowering its price target while other firms have given it ratings ranging from "Buy" to "Hold", suggesting varying outlooks on the stock's performance.

Quantbot Technologies LP raised its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 64.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,791 shares of the technology company's stock after purchasing an additional 38,382 shares during the quarter. Quantbot Technologies LP's holdings in Vipshop were worth $1,533,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of VIPS. Mirae Asset Global Investments Co. Ltd. grew 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 in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Vipshop in the first quarter valued at $27,051,000. Packer & Co Ltd acquired a new stake in shares of Vipshop in the first quarter valued at $24,292,000. Robeco Institutional Asset Management B.V. grew 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 in the last quarter. Finally, Northern Trust Corp grew 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 in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Performance

NYSE VIPS traded down $0.30 during trading on Wednesday, reaching $16.81. 920,560 shares of the company's stock were exchanged, compared to its average volume of 3,484,648. Vipshop Holdings Limited has a 1 year low of $12.14 and a 1 year high of $17.94. The stock has a market cap of $8.62 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 1.89 and a beta of 0.54. The company has a 50 day moving average price of $15.59 and a two-hundred day moving average price of $15.04.

Wall Street Analyst Weigh In

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

About Vipshop

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.