Vontobel Asset Management Inc. acquired a new position in shares of Vipshop Holdings Ltd. (NYSE:VIPS) during the third quarter, according to its most recent filing with the SEC. The firm acquired 552,600 shares of the company’s stock, valued at approximately $8,105,000. Vontobel Asset Management Inc. owned approximately 0.10% of Vipshop Holdings as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Nepsis Capital Management Inc. boosted its position in Vipshop Holdings by 4.7% in the third quarter. Nepsis Capital Management Inc. now owns 329,926 shares of the company’s stock valued at $4,840,000 after buying an additional 14,952 shares during the period. Fisher Asset Management LLC purchased a new position in Vipshop Holdings during the third quarter valued at approximately $3,532,000. BNP Paribas Arbitrage SA boosted its position in Vipshop Holdings by 29.1% in the third quarter. BNP Paribas Arbitrage SA now owns 1,368,590 shares of the company’s stock valued at $17,844,000 after buying an additional 308,450 shares during the period. Northwestern Mutual Investment Management Company LLC purchased a new position in Vipshop Holdings during the second quarter valued at approximately $4,356,000. Finally, Legal & General Group Plc boosted its position in Vipshop Holdings by 101.4% in the second quarter. Legal & General Group Plc now owns 690,543 shares of the company’s stock valued at $7,713,000 after buying an additional 347,743 shares during the period. Hedge funds and other institutional investors own 76.27% of the company’s stock.

Institutional Ownership by Quarter for Vipshop Holdings (NYSE:VIPS)

Vipshop Holdings Ltd. (NYSE:VIPS) traded up 3.66% during trading on Monday, hitting $14.17. 16,241,116 shares of the stock were exchanged. Vipshop Holdings Ltd. has a one year low of $10.21 and a one year high of $17.53. The stock’s 50 day moving average is $14.01 and its 200-day moving average is $13.28. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 32.80 and a beta of 1.83.

Several brokerages have recently weighed in on VIPS. Goldman Sachs Group Inc. began coverage on shares of Vipshop Holdings in a research report on Monday, July 25th. They set a “buy” rating and a $14.30 price objective for the company. Zacks Investment Research downgraded shares of Vipshop Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 28th. TheStreet upgraded shares of Vipshop Holdings to a “buy” rating in a research report on Friday, August 12th. Stifel Nicolaus boosted their price objective on shares of Vipshop Holdings from $18.00 to $21.50 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Finally, Bank of America Corp. upgraded shares of Vipshop Holdings from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $15.02.

About Vipshop Holdings

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

5 Day Chart for NYSE:VIPS

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