Two Sigma Investments LP raised its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 290.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 203,600 shares of the technology company's stock after acquiring an additional 151,500 shares during the period. Two Sigma Investments LP's holdings in Vipshop were worth $2,742,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its position in Vipshop by 17.5% during the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock valued at $134,000 after acquiring an additional 1,487 shares in the last quarter. abrdn plc grew its stake in shares of Vipshop by 4.4% during the 4th quarter. abrdn plc now owns 723,339 shares of the technology company's stock worth $9,610,000 after purchasing an additional 30,403 shares during the period. Caas Capital Management LP purchased a new position in shares of Vipshop during the 4th quarter valued at approximately $1,327,000. Ping Capital Management Inc. acquired a new position in shares of Vipshop in the 4th quarter valued at $539,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Vipshop in the 4th quarter valued at $175,000. 48.82% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Barclays cut their price objective 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. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Finally, Citigroup cut Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a report on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $15.10.
Get Our Latest Report on VIPS
Vipshop Stock Performance
Shares of VIPS stock traded up $0.32 on Wednesday, hitting $14.51. 687,763 shares of the stock traded hands, compared to its average volume of 3,783,591. The stock has a market capitalization of $7.45 billion, a PE ratio of 6.94, a PEG ratio of 1.52 and a beta of 0.60. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $17.94. The firm's 50-day moving average price is $13.90 and its two-hundred day moving average price is $14.30.
About Vipshop
(
Free Report)
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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