Creative Planning Increases Stock Position in Vipshop Holdings Limited $VIPS

Creative Planning increased its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 162,673 shares of the technology company’s stock after purchasing an additional 2,796 shares during the period. Creative Planning’s holdings in Vipshop were worth $2,448,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Vipshop by 209.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock worth $38,000 after purchasing an additional 1,726 shares during the period. Brooklyn Investment Group boosted its stake in shares of Vipshop by 1,695.2% in the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company’s stock worth $41,000 after buying an additional 2,475 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Vipshop by 1,187.1% in the second quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock worth $49,000 after acquiring an additional 3,027 shares during the period. Huntington National Bank increased its position in Vipshop by 53.8% during the second quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,163 shares during the last quarter. Finally, Atlas Capital Advisors Inc. lifted its holdings in Vipshop by 41.5% in the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock valued at $56,000 after acquiring an additional 1,046 shares during the period. Institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

Shares of NYSE:VIPS opened at $18.93 on Tuesday. The company has a market capitalization of $9.70 billion, a P/E ratio of 10.29, a P/E/G ratio of 2.11 and a beta of 0.83. Vipshop Holdings Limited has a 1-year low of $12.14 and a 1-year high of $21.08. The firm’s 50 day simple moving average is $18.95 and its two-hundred day simple moving average is $16.75.

Analysts Set New Price Targets

VIPS has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Vipshop in a research note on Wednesday, November 19th. Citigroup restated a “neutral” rating on shares of Vipshop in a research report on Thursday. Barclays upped their target price on shares of Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday. Wall Street Zen upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Research lowered Vipshop from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.83.

Vipshop 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.