Dimensional Fund Advisors LP Has $130.73 Million Position in Vipshop Holdings Limited $VIPS

Key Points

• Dimensional Fund Advisors LP increased its stake in Vipshop Holdings by 3.3% during the first quarter, holding a total of approximately 8.33 million shares worth around $130.73 million.
• Several other institutional investors also modified their positions, with Mirae Asset Global Investments increasing its stake by an impressive 3,533.4%.
• Analysts provide mixed ratings for Vipshop, with target prices from various firms ranging between $17.00 and $19.00, while the stock's consensus target price is set at $18.33.

Dimensional Fund Advisors LP lifted its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,330,548 shares of the technology company's stock after buying an additional 267,398 shares during the period. Dimensional Fund Advisors LP owned approximately 1.62% of Vipshop worth $130,731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Vipshop by 3,533.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company's stock worth $310,000 after buying an additional 1,965,244 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in Vipshop during the first quarter worth approximately $427,000. Bank of New York Mellon Corp raised its holdings in Vipshop by 4.1% during the first quarter. Bank of New York Mellon Corp now owns 560,933 shares of the technology company's stock worth $8,795,000 after purchasing an additional 22,204 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Vipshop during the first quarter worth approximately $27,051,000. Finally, Harvest Fund Management Co. Ltd raised its holdings in Vipshop by 66.6% during the first quarter. Harvest Fund Management Co. Ltd now owns 216,491 shares of the technology company's stock worth $3,103,000 after purchasing an additional 86,548 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citigroup boosted their target price on Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. Wall Street Zen cut Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Bank of America dropped their target price on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a report on Friday, July 18th. Barclays dropped their target price on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. dropped their target price on Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $18.33.

Vipshop Stock Performance

Shares of NYSE VIPS traded down $0.24 during trading on Wednesday, hitting $16.88. The company had a trading volume of 1,676,242 shares, compared to its average volume of 2,701,030. The company has a market cap of $8.65 billion, a P/E ratio of 9.17, a PEG ratio of 1.91 and a beta of 0.54. Vipshop Holdings Limited has a 52 week low of $12.14 and a 52 week high of $17.94. The business's 50-day moving average is $15.64 and its 200 day moving average is $15.05.

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.