Hantz Financial Services Inc. Grows Stock Position in Vipshop Holdings Limited $VIPS

Hantz Financial Services Inc. boosted its position in Vipshop Holdings Limited (NYSE:VIPS) by 1,187.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,282 shares of the technology company’s stock after purchasing an additional 3,027 shares during the quarter. Hantz Financial Services Inc.’s holdings in Vipshop were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. acquired a new position in Vipshop in the 1st quarter valued at about $427,000. Bank of New York Mellon Corp raised its stake in Vipshop by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 560,933 shares of the technology company’s stock valued at $8,795,000 after purchasing an additional 22,204 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Vipshop in the 1st quarter valued at about $27,051,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Vipshop by 12.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 446,034 shares of the technology company’s stock valued at $6,994,000 after purchasing an additional 49,632 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its stake in Vipshop by 66.6% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 216,491 shares of the technology company’s stock valued at $3,103,000 after purchasing an additional 86,548 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VIPS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Vipshop from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Citigroup increased their price objective on shares of Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Bank of America decreased their target price on shares of Vipshop from $17.80 to $17.30 and set a “buy” rating on the stock in a research report on Friday, July 18th. Finally, Wall Street Zen raised shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Vipshop has a consensus rating of “Hold” and an average price target of $18.33.

Vipshop Stock Up 2.8%

NYSE VIPS opened at $18.45 on Thursday. The stock has a market cap of $9.46 billion, a PE ratio of 10.03, a P/E/G ratio of 2.11 and a beta of 0.83. Vipshop Holdings Limited has a fifty-two week low of $12.14 and a fifty-two week high of $21.08. The business has a 50 day moving average price of $18.47 and a two-hundred day moving average price of $16.22.

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.