Vipshop Holdings Limited (NYSE:VIPS) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 17.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,583 shares of the technology company’s stock after acquiring an additional 3,787 shares during the period. Advisors Asset Management Inc.’s holdings in Vipshop were worth $402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Beijing Investment Ltd bought a new position in shares of Vipshop during the third quarter worth about $120,182,000. Krane Funds Advisors LLC grew its position in Vipshop by 20.3% in the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock worth $204,901,000 after purchasing an additional 2,659,117 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Vipshop by 155.0% in the second quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock valued at $45,347,000 after purchasing an additional 2,117,902 shares during the period. Swedbank AB bought a new stake in shares of Vipshop during the first quarter valued at approximately $19,185,000. Finally, Canada Pension Plan Investment Board boosted its position in shares of Vipshop by 30.0% during the second quarter. Canada Pension Plan Investment Board now owns 3,379,114 shares of the technology company’s stock worth $43,996,000 after buying an additional 780,443 shares during the period. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com cut Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Citigroup lowered their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and decreased their target price for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Barclays started coverage on shares of Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target on the stock. Finally, Morgan Stanley decreased their price objective on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $17.50.

Vipshop Price Performance

NYSE VIPS opened at $13.57 on Friday. The company has a market capitalization of $7.36 billion, a P/E ratio of 6.49, a PEG ratio of 1.55 and a beta of 0.34. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $20.19. The company’s 50 day simple moving average is $14.70 and its 200 day simple moving average is $14.34.

Vipshop Company 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.