Vipshop Holdings Limited $VIPS Shares Acquired by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in Vipshop Holdings Limited by 11.3%, owning 517,761 shares worth approximately $8.12 million following their recent acquisition.
• Various hedge funds, such as First Trust Advisors LP and Northern Trust Corp, significantly boosted their positions in Vipshop, reflecting strong institutional interest in the company.
• Analysts have mixed views on Vipshop, with ratings ranging from "buy" to "hold" and an average consensus target price of $18.33, indicating potential for growth despite a recent downgrade.

Wellington Management Group LLP increased its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 11.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 517,761 shares of the technology company's stock after buying an additional 52,409 shares during the quarter. Wellington Management Group LLP owned about 0.10% of Vipshop worth $8,118,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Korea Investment CORP lifted its position in Vipshop by 1.0% during the first quarter. Korea Investment CORP now owns 281,672 shares of the technology company's stock worth $4,417,000 after buying an additional 2,700 shares during the period. Brooklyn Investment Group lifted its position in Vipshop by 1,695.2% during the first quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock worth $41,000 after buying an additional 2,475 shares during the period. American Century Companies Inc. lifted its position in Vipshop by 8.8% during the first quarter. American Century Companies Inc. now owns 1,608,899 shares of the technology company's stock worth $25,228,000 after buying an additional 129,955 shares during the period. Dimensional Fund Advisors LP lifted its position in Vipshop by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 8,330,548 shares of the technology company's stock worth $130,731,000 after buying an additional 267,398 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in Vipshop during the first quarter worth about $519,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Trading Up 0.4%

NYSE:VIPS traded up $0.07 on Monday, hitting $16.77. 1,979,524 shares of the stock were exchanged, compared to its average volume of 2,614,623. The stock has a market cap of $8.60 billion, a PE ratio of 9.11, a PEG ratio of 1.88 and a beta of 0.70. The stock has a fifty day moving average of $15.72 and a 200-day moving average of $15.07. Vipshop Holdings Limited has a fifty-two week low of $12.14 and a fifty-two week high of $17.94.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wall Street Zen downgraded Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. Barclays reduced their target price on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Zacks Research downgraded Vipshop from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Citigroup upped their price target on Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th. Finally, Bank of America dropped their price target on Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research note on Friday, July 18th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.33.

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.