Norges Bank Invests $27.63 Million in Vipshop Holdings Limited $VIPS

Norges Bank acquired a new position in shares of Vipshop Holdings Limited (NYSE:VIPS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,561,966 shares of the technology company’s stock, valued at approximately $27,631,000. Norges Bank owned 0.30% of Vipshop as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VIPS. Richardson Financial Services Inc. lifted its holdings in Vipshop by 153.8% during the 4th quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,250 shares during the last quarter. Cooper Investors PTY Ltd. bought a new position in Vipshop during the 4th quarter valued at about $58,000. Huntington National Bank lifted its holdings in Vipshop by 36.3% during the 3rd quarter. Huntington National Bank now owns 4,530 shares of the technology company’s stock valued at $89,000 after purchasing an additional 1,207 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Vipshop by 104.3% during the 4th quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock valued at $106,000 after purchasing an additional 3,050 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Vipshop by 229.1% during the 4th quarter. Farther Finance Advisors LLC now owns 8,648 shares of the technology company’s stock valued at $153,000 after purchasing an additional 6,020 shares during the last quarter. 48.82% of the stock is owned by institutional investors.

Vipshop Price Performance

Shares of NYSE:VIPS opened at $13.59 on Wednesday. Vipshop Holdings Limited has a one year low of $13.44 and a one year high of $21.08. The company has a 50 day moving average of $14.61 and a 200-day moving average of $16.71. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 6.38, a P/E/G ratio of 1.38 and a beta of 0.64.

Wall Street Analysts Forecast Growth

VIPS has been the subject of several analyst reports. UBS Group set a $18.50 price target on shares of Vipshop and gave the company a “buy” rating in a report on Friday, May 22nd. Nomura raised shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a report on Friday, February 27th. Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Benchmark restated a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.20.

Vipshop Company 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.