Farther Finance Advisors LLC Raises Stock Holdings in Vipshop Holdings Limited $VIPS

Farther Finance Advisors LLC lifted its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 209.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,551 shares of the technology company’s stock after buying an additional 1,726 shares during the quarter. Farther Finance Advisors LLC’s holdings in Vipshop were worth $38,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VIPS. SG Americas Securities LLC increased its holdings in Vipshop by 111.0% during the 1st quarter. SG Americas Securities LLC now owns 31,118 shares of the technology company’s stock worth $488,000 after purchasing an additional 16,372 shares during the period. Handelsbanken Fonder AB increased its holdings in Vipshop by 3.7% during the 1st quarter. Handelsbanken Fonder AB now owns 242,877 shares of the technology company’s stock worth $3,808,000 after purchasing an additional 8,729 shares during the period. Sound Income Strategies LLC purchased a new position in Vipshop during the 1st quarter worth $62,000. D Orazio & Associates Inc. increased 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 valued at $240,000 after acquiring an additional 2,816 shares during the period. Finally, Packer & Co Ltd purchased a new position in shares of Vipshop in the 1st quarter valued at $24,292,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Stock Down 0.6%

Shares of Vipshop stock opened at $20.27 on Wednesday. Vipshop Holdings Limited has a twelve month low of $12.14 and a twelve month high of $21.08. The business has a 50-day moving average price of $17.43 and a 200 day moving average price of $15.54. The firm has a market cap of $10.39 billion, a PE ratio of 11.02, a P/E/G ratio of 2.28 and a beta of 0.71.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VIPS shares. Citigroup lifted their price target on Vipshop from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vipshop in a report on Saturday, September 27th. Zacks Research cut Vipshop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Bank of America lowered their price objective on Vipshop from $17.80 to $17.30 and set a “buy” rating for the company in a research report on Friday, July 18th. Finally, Wall Street Zen cut Vipshop from a “buy” rating to a “hold” rating in a research report on Saturday. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average 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.