Russell Investments Group Ltd. Purchases 249,410 Shares of Vipshop Holdings Limited $VIPS

Key Points

• Russell Investments Group Ltd. increased its stake in Vipshop Holdings by 20.8% during the first quarter, acquiring an additional 249,410 shares, bringing its total holdings to approximately 1.45 million shares.
• A variety of institutional investors have also made changes to their positions in Vipshop, with 48.82% of the company's stock now owned by institutional investors.
• Recent analyst reports reflect a mixed outlook for Vipshop, with price targets ranging from $15.97 to $19.00 and a consensus rating of "Hold."

Russell Investments Group Ltd. grew its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 20.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,446,329 shares of the technology company's stock after acquiring an additional 249,410 shares during the quarter. Russell Investments Group Ltd. owned 0.28% of Vipshop worth $23,046,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VIPS. Wayfinding Financial LLC bought a new stake in shares of Vipshop in the first quarter valued at about $35,000. Atlas Capital Advisors Inc. boosted its position in shares of Vipshop by 41.5% in the first 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 period. Sound Income Strategies LLC bought a new stake in shares of Vipshop in the first quarter valued at about $62,000. AM Investment Strategies LLC bought a new stake in shares of Vipshop in the first quarter valued at about $157,000. Finally, Jump Financial LLC bought a new stake in shares of Vipshop in the fourth quarter valued at about $161,000. Institutional investors own 48.82% of the company's stock.

Vipshop Trading Up 1.0%

NYSE VIPS traded up $0.1650 during trading on Thursday, hitting $16.8250. 682,877 shares of the company's stock were exchanged, compared to its average volume of 3,503,079. The company has a market cap of $8.63 billion, a PE ratio of 9.14, a P/E/G ratio of 1.85 and a beta of 0.54. Vipshop Holdings Limited has a fifty-two week low of $11.93 and a fifty-two week high of $17.94. The stock's 50 day moving average price is $15.42 and its two-hundred day moving average price is $14.97.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays dropped their price target 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 price target on Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Wall Street Zen downgraded Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. dropped their price target on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Finally, Bank of America dropped their price target on Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research note on Friday, July 18th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company 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.