Two Sigma Investments LP Increases Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Two Sigma Investments LP increased its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 290.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 203,600 shares of the technology company's stock after buying an additional 151,500 shares during the quarter. Two Sigma Investments LP's holdings in Vipshop were worth $2,742,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Lighthouse Investment Partners LLC purchased a new position in Vipshop during the 4th quarter worth approximately $1,990,000. Caas Capital Management LP acquired a new stake in Vipshop during the 4th quarter worth approximately $1,327,000. Vanguard Group Inc. lifted its position in Vipshop by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock worth $188,060,000 after acquiring an additional 79,254 shares during the period. JPMorgan Chase & Co. lifted its position in Vipshop by 53.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,597,664 shares of the technology company's stock worth $34,991,000 after acquiring an additional 908,669 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Vipshop by 16.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,035,334 shares of the technology company's stock worth $27,416,000 after acquiring an additional 286,604 shares during the period. Hedge funds and other institutional investors own 48.82% of the company's stock.

Analyst Upgrades and Downgrades

VIPS has been the subject of a number of recent research reports. Wall Street Zen cut 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 cut 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $15.10.

Vipshop Trading Up 1.6%

Shares of VIPS traded up $0.22 during mid-day trading on Wednesday, hitting $14.41. The company's stock had a trading volume of 4,835,530 shares, compared to its average volume of 3,798,939. The firm has a 50-day simple moving average of $13.87 and a 200 day simple moving average of $14.30. The firm has a market capitalization of $7.40 billion, a P/E ratio of 6.89, a P/E/G ratio of 1.52 and a beta of 0.60. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $17.94.

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.