MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 12.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 446,034 shares of the technology company's stock after purchasing an additional 49,632 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.09% of Vipshop worth $6,994,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in Vipshop in the 1st quarter valued at about $35,000. Brooklyn Investment Group boosted its holdings in Vipshop by 1,695.2% in the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock valued at $41,000 after purchasing an additional 2,475 shares during the last quarter. Atlas Capital Advisors Inc. lifted its holdings in shares of Vipshop by 41.5% in the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock worth $56,000 after acquiring an additional 1,046 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Vipshop in the 1st quarter worth approximately $62,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Vipshop in the 1st quarter worth approximately $86,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.
Vipshop Stock Up 1.0%
Vipshop stock traded up $0.19 during mid-day trading on Tuesday, reaching $18.38. 2,069,606 shares of the company's stock were exchanged, compared to its average volume of 2,333,457. The company has a market cap of $9.42 billion, a P/E ratio of 9.99, a P/E/G ratio of 2.04 and a beta of 0.70. Vipshop Holdings Limited has a twelve month low of $12.14 and a twelve month high of $18.53. The company has a fifty day moving average of $16.34 and a 200-day moving average of $15.28.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on VIPS shares. Citigroup upped their price objective on shares of Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. JPMorgan Chase & Co. decreased their price objective on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Wall Street Zen upgraded shares of Vipshop from a "hold" rating to a "buy" rating in a report on Saturday. Barclays decreased their price objective on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Finally, Bank of America decreased their price objective on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a report on Friday, July 18th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Vipshop presently has an average rating of "Moderate Buy" and a consensus price target of $18.33.
View Our Latest Stock Analysis on Vipshop
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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