First Pacific Advisors LP Buys New Shares in Vipshop Holdings Limited $VIPS

First Pacific Advisors LP bought a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS) in the 2nd quarter, HoldingsChannel reports. The firm bought 179,634 shares of the technology company’s stock, valued at approximately $2,703,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VIPS. Wayfinding Financial LLC acquired a new stake in Vipshop during the first quarter valued at approximately $35,000. Farther Finance Advisors LLC lifted its stake in Vipshop by 209.2% during the second quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock valued at $38,000 after purchasing an additional 1,726 shares during the last quarter. Brooklyn Investment Group lifted its stake in Vipshop by 1,695.2% during the first quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company’s stock valued at $41,000 after purchasing an additional 2,475 shares during the last quarter. Atlas Capital Advisors Inc. lifted its stake in Vipshop by 41.5% during the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock valued at $56,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Vipshop during the first quarter valued at approximately $86,000. 48.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Zacks Research lowered shares of Vipshop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Bank of America cut their price target on shares of Vipshop from $17.80 to $17.30 and set a “buy” rating on the stock in a report on Friday, July 18th. Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a report on Wednesday, October 8th. Finally, Citigroup boosted their price target on shares of Vipshop from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.33.

Vipshop Stock Performance

Vipshop stock opened at $18.64 on Wednesday. The firm has a market cap of $9.55 billion, a PE ratio of 10.13, a P/E/G ratio of 2.16 and a beta of 0.71. The firm’s 50 day moving average price is $18.36 and its two-hundred day moving average price is $15.99. Vipshop Holdings Limited has a twelve month low of $12.14 and a twelve month high of $21.08.

About Vipshop

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.