Envestnet Asset Management Inc. Takes $3.75 Million Position in Vipshop Holdings Limited $VIPS

Envestnet Asset Management Inc. purchased a new stake in Vipshop Holdings Limited (NYSE:VIPS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 190,929 shares of the technology company’s stock, valued at approximately $3,750,000.

Several other large investors have also recently bought and sold shares of VIPS. Hantz Financial Services Inc. increased its stake in shares of Vipshop by 1,187.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock valued at $49,000 after buying an additional 3,027 shares during the period. Huntington National Bank boosted its holdings in Vipshop by 53.8% in 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. Global Retirement Partners LLC increased its position in Vipshop by 575.5% in the third quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock worth $57,000 after purchasing an additional 2,492 shares during the period. Tobam bought a new stake in Vipshop during the 2nd quarter worth about $91,000. Finally, PNC Financial Services Group Inc. lifted its position in Vipshop by 65.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,091 shares of the technology company’s stock valued at $107,000 after purchasing an additional 2,809 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Trading Up 2.5%

NYSE:VIPS opened at $17.40 on Wednesday. Vipshop Holdings Limited has a 1 year low of $12.14 and a 1 year high of $21.08. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 1.43 and a beta of 0.72. The stock has a 50-day moving average price of $17.92 and a two-hundred day moving average price of $18.34.

Analyst Ratings Changes

A number of brokerages have issued reports on VIPS. Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Barclays lifted their price objective on Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Benchmark reissued a “hold” rating on shares of Vipshop in a research note on Friday, November 21st. Jefferies Financial Group restated a “buy” rating and set a $22.60 target price on shares of Vipshop in a research report on Tuesday, December 30th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a research note on Thursday, November 20th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.38.

Vipshop Company Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.