Vipshop Holdings Limited $VIPS Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 12.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,690,733 shares of the technology company’s stock after purchasing an additional 407,450 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.72% of Vipshop worth $72,486,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in VIPS. Farther Finance Advisors LLC grew its holdings in shares of 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 buying an additional 1,726 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Vipshop by 1,187.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock worth $49,000 after acquiring an additional 3,027 shares during the period. Huntington National Bank grew its stake in Vipshop by 53.8% during the 2nd quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,163 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Vipshop by 575.5% in the third quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock valued at $57,000 after purchasing an additional 2,492 shares during the period. Finally, Tobam acquired a new position in shares of Vipshop in the second quarter valued at about $91,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

Shares of NYSE VIPS opened at $17.16 on Wednesday. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 1.42 and a beta of 0.72. The firm’s 50 day simple moving average is $19.02 and its 200-day simple moving average is $17.99. Vipshop Holdings Limited has a 12 month low of $12.14 and a 12 month high of $21.08.

Analyst Ratings Changes

VIPS has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a research note on Monday, December 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.60 price objective on shares of Vipshop in a report on Tuesday, December 30th. Barclays raised their target price on shares of Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Finally, Zacks Research lowered shares of Vipshop from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.38.

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.