Russell Investments Group Ltd. Has $23.05 Million Position in 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 shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 20.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,446,329 shares of the technology company's stock after purchasing an additional 249,410 shares during the period. Russell Investments Group Ltd. owned approximately 0.28% of Vipshop worth $23,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in VIPS. Wayfinding Financial LLC bought a new position in shares of Vipshop during the 1st quarter valued at about $35,000. Atlas Capital Advisors Inc. boosted its position in shares of Vipshop by 41.5% during the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock valued at $56,000 after purchasing an additional 1,046 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of Vipshop during the 1st quarter valued at about $62,000. AM Investment Strategies LLC bought a new position in shares of Vipshop during the 1st quarter valued at about $157,000. Finally, Jump Financial LLC bought a new position in shares of Vipshop during the 4th quarter valued at about $161,000. Institutional investors own 48.82% of the company's stock.

Vipshop Stock Performance

Shares of VIPS stock traded down $0.2380 during trading on Tuesday, hitting $16.5820. 3,405,202 shares of the company were exchanged, compared to its average volume of 3,527,159. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 9.01, a P/E/G ratio of 1.89 and a beta of 0.54. The business's 50-day simple moving average is $15.36 and its 200 day simple moving average is $14.95. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $17.94.

Analyst Ratings Changes

Several equities analysts have recently weighed in on VIPS shares. Wall Street Zen lowered shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. Bank of America decreased their target price on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a report on Friday, July 18th. Citigroup raised their target price on shares of Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday. Barclays decreased their target price on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Vipshop has a consensus rating of "Hold" and an average target price of $15.97.

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.