Bank of New York Mellon Corp Buys 22,204 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Bank of New York Mellon Corp grew its stake in Vipshop Holdings Limited (NYSE:VIPS) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 560,933 shares of the technology company’s stock after purchasing an additional 22,204 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.11% of Vipshop worth $8,795,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Wayfinding Financial LLC bought a new position in Vipshop during the 1st quarter worth approximately $35,000. Sound Income Strategies LLC bought a new stake in Vipshop during the 1st quarter valued at $62,000. Jump Financial LLC purchased a new position in Vipshop during the 4th quarter worth $161,000. Vontobel Holding Ltd. boosted its holdings in Vipshop by 19.1% during the 1st quarter. Vontobel Holding Ltd. now owns 14,638 shares of the technology company’s stock worth $230,000 after acquiring an additional 2,352 shares during the last quarter. Finally, D Orazio & Associates Inc. boosted its holdings in shares of Vipshop by 22.5% in the 1st quarter. D Orazio & Associates Inc. now owns 15,335 shares of the technology company’s stock worth $240,000 after buying an additional 2,816 shares during the last quarter. 48.82% of the stock is owned by institutional investors.

Vipshop Trading Down 0.1%

Shares of VIPS opened at $15.78 on Tuesday. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $17.94. The stock’s 50 day moving average is $14.82 and its two-hundred day moving average is $14.64. The firm has a market cap of $8.09 billion, a P/E ratio of 8.26, a PEG ratio of 2.66 and a beta of 0.58.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VIPS shares. Bank of America cut their target price on Vipshop from $17.80 to $17.30 and set a “buy” rating for the company in a research note on Friday. JPMorgan Chase & Co. cut their price objective on Vipshop from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, June 30th. Wall Street Zen cut Vipshop from a “buy” rating to a “hold” rating in a report on Thursday, May 29th. Barclays decreased their price objective on Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, May 22nd. Finally, Citigroup cut Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a report on Tuesday, April 1st. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Vipshop currently has a consensus rating of “Hold” and an average target price of $15.83.

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.