Krane Funds Advisors LLC Increases Stake in Vipshop Holdings Limited $VIPS

Krane Funds Advisors LLC grew its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 24.9% in the 3rd quarter, Holdings Channel reports. The firm owned 17,185,535 shares of the technology company’s stock after acquiring an additional 3,426,079 shares during the quarter. Vipshop accounts for about 9.0% of Krane Funds Advisors LLC’s portfolio, making the stock its 5th largest holding. Krane Funds Advisors LLC’s holdings in Vipshop were worth $320,424,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Central Asset Investments & Management Holdings HK Ltd bought a new position in Vipshop during the second quarter worth $256,000. Campbell & CO Investment Adviser LLC grew its holdings in Vipshop by 230.5% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 94,421 shares of the technology company’s stock worth $1,854,000 after acquiring an additional 65,848 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of Vipshop in the 3rd quarter worth about $3,401,000. Quadrant Capital Group LLC raised its position in shares of Vipshop by 721.9% in the 2nd quarter. Quadrant Capital Group LLC now owns 126,094 shares of the technology company’s stock worth $1,898,000 after acquiring an additional 110,752 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Vipshop by 24.1% in the 2nd quarter. American Century Companies Inc. now owns 1,996,122 shares of the technology company’s stock valued at $30,042,000 after purchasing an additional 387,223 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

Wall Street Analysts Forecast Growth

VIPS has been the subject of several recent analyst reports. Barclays raised their target price on Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Jefferies Financial Group reiterated a “buy” rating and issued a $22.60 price objective on shares of Vipshop in a research note on Tuesday, December 30th. Citigroup reissued a “neutral” rating on shares of Vipshop in a research note on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a research note on Monday, December 29th. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Friday, November 21st. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Vipshop presently has an average rating of “Moderate Buy” and a consensus price target of $20.38.

Vipshop Stock Down 4.1%

Shares of Vipshop stock opened at $16.98 on Tuesday. Vipshop Holdings Limited has a 52 week low of $12.14 and a 52 week high of $21.08. The business has a 50 day moving average price of $17.95 and a 200-day moving average price of $18.32. The company has a market cap of $8.71 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 1.49 and a beta of 0.72.

Vipshop Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.