67,829 Shares in Vipshop Holdings Limited $VIPS Bought by Virtus Advisers LLC

Key Points

• Virtus Advisers LLC has acquired a new position in Vipshop Holdings Limited, purchasing 67,829 shares valued at approximately $1,064,000, making it the 13th biggest position in their portfolio.
• Several institutional investors increased their stakes in Vipshop during the first quarter, with over 48.82% of the stock being owned by such investors and hedge funds.
• Analysts have mixed ratings for Vipshop, with a consensus rating of "Moderate Buy" and an average price target of $18.33.

Virtus Advisers LLC bought a new position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 67,829 shares of the technology company's stock, valued at approximately $1,064,000. Vipshop comprises approximately 1.4% of Virtus Advisers LLC's investment portfolio, making the stock its 13th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dodge & Cox grew its holdings in Vipshop by 16.5% during the 1st quarter. Dodge & Cox now owns 118,797 shares of the technology company's stock worth $1,863,000 after acquiring an additional 16,800 shares in the last quarter. SVB Wealth LLC bought a new position in Vipshop during the 1st quarter worth about $141,000. APG Asset Management N.V. lifted its position in shares of Vipshop by 32.4% during the first quarter. APG Asset Management N.V. now owns 59,287 shares of the technology company's stock valued at $861,000 after buying an additional 14,500 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Vipshop by 5,208.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 5,892 shares of the technology company's stock valued at $95,000 after buying an additional 5,781 shares in the last quarter. Finally, Compound Planning Inc. boosted its holdings in shares of Vipshop by 21.2% in the 1st quarter. Compound Planning Inc. now owns 14,835 shares of the technology company's stock valued at $233,000 after buying an additional 2,594 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VIPS shares. Citigroup raised their price target on shares of Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a report on Friday, August 15th. 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 report on Monday, June 30th. 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 report on Thursday, May 22nd. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Finally, Bank of America dropped their price target on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research note on Friday, July 18th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $18.33.

Vipshop Stock Performance

NYSE VIPS traded up $0.07 during trading hours on Friday, reaching $16.77. The stock had a trading volume of 1,979,524 shares, compared to its average volume of 2,662,632. The stock has a fifty day moving average of $15.72 and a 200 day moving average of $15.07. The stock has a market cap of $8.60 billion, a P/E ratio of 9.11, a price-to-earnings-growth ratio of 1.88 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.

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.