Vise Technologies Inc. Acquires New Position in Vipshop Holdings Limited $VIPS

Vise Technologies Inc. bought a new position in Vipshop Holdings Limited (NYSE:VIPS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 54,300 shares of the technology company’s stock, valued at approximately $817,000.

A number of other hedge funds and other institutional investors have also modified their holdings of VIPS. Acadian Asset Management LLC raised its holdings in Vipshop by 17.4% during the first quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company’s stock worth $262,757,000 after purchasing an additional 2,483,294 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Vipshop by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 8,330,548 shares of the technology company’s stock valued at $130,731,000 after purchasing an additional 267,398 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Vipshop by 5.3% during the 1st quarter. Invesco Ltd. now owns 8,170,252 shares of the technology company’s stock valued at $128,110,000 after acquiring an additional 411,102 shares in the last quarter. Orbis Allan Gray Ltd grew its stake in Vipshop by 18.3% in the first quarter. Orbis Allan Gray Ltd now owns 7,009,180 shares of the technology company’s stock valued at $109,904,000 after purchasing an additional 1,084,345 shares in the last quarter. Finally, LSV Asset Management increased its holdings in Vipshop by 1.8% in the first quarter. LSV Asset Management now owns 4,987,113 shares of the technology company’s stock worth $78,198,000 after buying an additional 90,400 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Vipshop Stock Up 0.3%

Vipshop stock opened at $19.70 on Friday. The stock has a market cap of $10.10 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 2.11 and a beta of 0.83. Vipshop Holdings Limited has a 12-month low of $12.14 and a 12-month high of $21.08. The business’s 50-day simple moving average is $18.77 and its 200 day simple moving average is $16.46.

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.