Arrowstreet Capital Limited Partnership Decreases Position in Vipshop Holdings Limited $VIPS

Arrowstreet Capital Limited Partnership cut its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 23.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,894,277 shares of the technology company’s stock after selling 909,614 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.60% of Vipshop worth $45,498,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. FIL Ltd increased its holdings in shares of Vipshop by 2.6% in the fourth quarter. FIL Ltd now owns 18,891,105 shares of the technology company’s stock worth $334,184,000 after buying an additional 483,842 shares during the period. Invesco Ltd. grew its position in Vipshop by 0.9% during the 4th quarter. Invesco Ltd. now owns 16,864,626 shares of the technology company’s stock worth $298,335,000 after acquiring an additional 148,970 shares during the last quarter. Orbis Allan Gray Ltd increased its stake in Vipshop by 12.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock worth $191,316,000 after purchasing an additional 1,227,325 shares during the period. Vanguard Group Inc. increased its stake in Vipshop by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock worth $179,518,000 after purchasing an additional 149,758 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Vipshop by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,616,834 shares of the technology company’s stock worth $152,493,000 after purchasing an additional 149,268 shares during the period. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VIPS has been the subject of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. Wall Street Zen upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a report on Saturday. Bank of America reiterated an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Finally, Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.68.

Vipshop Price Performance

Shares of NYSE:VIPS opened at $14.71 on Tuesday. Vipshop Holdings Limited has a 1 year low of $12.65 and a 1 year high of $21.08. The company has a market cap of $7.04 billion, a PE ratio of 6.90, a P/E/G ratio of 1.43 and a beta of 0.67. The stock’s 50-day moving average is $13.92 and its 200 day moving average is $15.39.

Vipshop 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.