Vinva Investment Management Ltd Increases Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Vinva Investment Management Ltd raised its position in shares of Vipshop Holdings Limited (NYSE:VIPSFree Report) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,007 shares of the technology company’s stock after acquiring an additional 969 shares during the period. Vinva Investment Management Ltd’s holdings in Vipshop were worth $281,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its position in Vipshop by 56.4% during the fourth quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock valued at $35,000 after acquiring an additional 708 shares during the period. Rakuten Securities Inc. purchased a new stake in Vipshop during the fourth quarter valued at about $36,000. Blue Trust Inc. grew its position in Vipshop by 243.5% during the fourth quarter. Blue Trust Inc. now owns 3,140 shares of the technology company’s stock valued at $56,000 after acquiring an additional 2,226 shares during the period. Global Retirement Partners LLC grew its position in Vipshop by 65.6% during the fourth quarter. Global Retirement Partners LLC now owns 3,692 shares of the technology company’s stock valued at $66,000 after acquiring an additional 1,462 shares during the period. Finally, Tucker Asset Management LLC purchased a new stake in Vipshop during the third quarter valued at about $152,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Performance

NYSE:VIPS opened at $16.11 on Friday. Vipshop Holdings Limited has a one year low of $13.90 and a one year high of $20.19. The business’s 50-day simple moving average is $16.24 and its 200 day simple moving average is $16.51. The stock has a market cap of $8.74 billion, a price-to-earnings ratio of 7.49 and a beta of 0.39.

Analyst Ratings Changes

A number of research firms have issued reports on VIPS. Citigroup lowered their price target on Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Benchmark cut Vipshop from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. HSBC reduced their price objective on Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Finally, StockNews.com cut Vipshop from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.60.

Get Our Latest Stock Report on VIPS

Vipshop Profile

(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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Institutional Ownership by Quarter for Vipshop (NYSE:VIPS)

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