Tidal Investments LLC Acquires Shares of 38,111 Vipshop Holdings Limited (NYSE:VIPS)

Tidal Investments LLC bought a new position in Vipshop Holdings Limited (NYSE:VIPS) during the 3rd quarter, Holdings Channel.com reports. The fund bought 38,111 shares of the technology company’s stock, valued at approximately $599,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VIPS. Assenagon Asset Management S.A. raised its stake in Vipshop by 13.8% during the second quarter. Assenagon Asset Management S.A. now owns 22,478 shares of the technology company’s stock valued at $293,000 after purchasing an additional 2,729 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Vipshop by 8.1% during the second quarter. Bank of New York Mellon Corp now owns 532,050 shares of the technology company’s stock worth $6,927,000 after acquiring an additional 39,686 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Vipshop by 2.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,559,051 shares of the technology company’s stock valued at $85,399,000 after purchasing an additional 184,000 shares during the last quarter. Railway Pension Investments Ltd boosted its holdings in shares of Vipshop by 20.8% in the 2nd quarter. Railway Pension Investments Ltd now owns 556,500 shares of the technology company’s stock worth $7,246,000 after purchasing an additional 95,700 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Vipshop by 6.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 626,048 shares of the technology company’s stock valued at $8,151,000 after purchasing an additional 36,377 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VIPS. StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Citigroup dropped their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Benchmark reiterated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Finally, Barclays began coverage on Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective for the company. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.50.

Vipshop Stock Up 1.7 %

Shares of NYSE VIPS opened at $13.58 on Monday. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $20.19. The firm has a market cap of $6.97 billion, a PE ratio of 6.50, a price-to-earnings-growth ratio of 1.56 and a beta of 0.31. The business has a fifty day simple moving average of $13.99 and a two-hundred day simple moving average of $14.00.

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.