Vipshop (NYSE:VIPS) Reaches New 1-Year High - Here's Why

Key Points

• Vipshop Holdings Limited achieved a new 52-week high, reaching $18.69 during trading, up from a previous close of $18.35.
• Analysts have mixed ratings on Vipshop, with three giving a Buy rating and a consensus price target of $18.33.
• Hedge funds and institutional investors own approximately 48.82% of Vipshop's stock, indicating strong interest from large investors.

Shares of Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $18.59 and last traded at $18.69, with a volume of 2436 shares changing hands. The stock had previously closed at $18.35.

Analyst Ratings Changes

Several equities analysts recently commented on VIPS shares. Wall Street Zen raised shares of Vipshop from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. JPMorgan Chase & Co. dropped their price objective on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Citigroup increased their price objective on shares of Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Bank of America dropped their price objective on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research note on Friday, July 18th. Finally, Zacks Research downgraded shares of Vipshop from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $18.33.

Vipshop Price Performance

The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 2.07 and a beta of 0.70. The business's fifty day simple moving average is $16.55 and its 200 day simple moving average is $15.33.

Institutional Investors Weigh In On Vipshop

A number of large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC grew its holdings in Vipshop by 17.4% in the first quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company's stock worth $262,757,000 after purchasing an additional 2,483,294 shares during the period. Krane Funds Advisors LLC grew its holdings in Vipshop by 7.8% in the first quarter. Krane Funds Advisors LLC now owns 15,839,097 shares of the technology company's stock worth $248,357,000 after purchasing an additional 1,148,307 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Vipshop by 13.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock worth $197,010,000 after purchasing an additional 1,456,862 shares during the period. Invesco Ltd. grew its holdings in Vipshop by 9.3% in the second quarter. Invesco Ltd. now owns 8,930,629 shares of the technology company's stock worth $134,406,000 after purchasing an additional 760,377 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Vipshop by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 8,330,548 shares of the technology company's stock valued at $130,731,000 after buying an additional 267,398 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

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.