Vipshop Holdings Limited (NYSE:VIPS) Shares Bought by Alberta Investment Management Corp

Key Points

• Alberta Investment Management Corp increased its stake in Vipshop Holdings Limited by 25.6%, acquiring an additional 187,722 shares in the first quarter, bringing its total ownership to 920,098 shares valued at approximately $14.4 million.
• Vipshop's stock has seen a 12-month trading range between $11.50 and $17.94, with a current market cap of $7.76 billion and a price-to-earnings ratio of 7.92.
• Wall Street analysts have downgraded their price targets for Vipshop, with Barclays reducing its objective from $20 to $19 and a consensus target price now at $15.83, reflecting a more cautious outlook.

Alberta Investment Management Corp raised its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 25.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 920,098 shares of the technology company's stock after acquiring an additional 187,722 shares during the quarter. Alberta Investment Management Corp owned approximately 0.18% of Vipshop worth $14,427,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VIPS. Wayfinding Financial LLC purchased a new position in Vipshop in the 1st quarter valued at $35,000. Sound Income Strategies LLC purchased a new position in Vipshop in the 1st quarter valued at $62,000. AM Investment Strategies LLC purchased a new position in Vipshop in the 1st quarter valued at $157,000. Jump Financial LLC purchased a new position in Vipshop in the 4th quarter valued at $161,000. Finally, Ballentine Partners LLC purchased a new position in Vipshop in the 1st quarter valued at $163,000. Hedge funds and other institutional investors own 48.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. 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 lowered their price target on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research note on Friday, July 18th. JPMorgan Chase & Co. lowered their price target on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, June 30th. Finally, Barclays lowered their price target on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $15.83.

Vipshop Stock Up 2.2%

Shares of Vipshop stock traded up $0.33 on Monday, hitting $15.45. The company's stock had a trading volume of 1,983,442 shares, compared to its average volume of 2,575,156. The company has a market capitalization of $7.92 billion, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 1.69 and a beta of 0.54. The firm has a fifty day moving average price of $15.01 and a 200-day moving average price of $14.82. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $17.94.

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.