Charles Schwab Investment Management Inc. Buys 211,166 Shares of Vipshop Holdings Limited $VIPS

Charles Schwab Investment Management Inc. raised its stake in Vipshop Holdings Limited (NYSE:VIPS) by 10.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,246,500 shares of the technology company’s stock after purchasing an additional 211,166 shares during the period. Charles Schwab Investment Management Inc. owned 0.44% of Vipshop worth $35,225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in Vipshop in the first quarter valued at $35,000. Sound Income Strategies LLC bought a new stake in shares of Vipshop during the first quarter worth about $62,000. AM Investment Strategies LLC bought a new stake in shares of Vipshop during the first quarter worth about $157,000. Jump Financial LLC bought a new stake in shares of Vipshop during the fourth quarter worth about $161,000. Finally, Ballentine Partners LLC bought a new stake in shares of Vipshop during the first quarter worth about $163,000. 48.82% of the stock is owned by institutional investors.

Vipshop Stock Performance

Shares of VIPS stock opened at $16.85 on Tuesday. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $17.94. The company has a 50-day simple moving average of $15.36 and a two-hundred day simple moving average of $14.95. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 1.89 and a beta of 0.54.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VIPS. Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday, May 29th. Citigroup boosted their target price on shares of Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. decreased their target price on shares of Vipshop from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, June 30th. Barclays decreased their target price on shares of Vipshop from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, May 22nd. Finally, Bank of America decreased their target price on shares of Vipshop from $17.80 to $17.30 and set a “buy” rating for the company in a research report on Friday, July 18th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.97.

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.