Krane Funds Advisors LLC Has $226.32 Million Stock Holdings in Vipshop Holdings Limited $VIPS

Krane Funds Advisors LLC cut its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 25.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,793,590 shares of the technology company’s stock after selling 4,391,945 shares during the period. Vipshop makes up 7.3% of Krane Funds Advisors LLC’s portfolio, making the stock its 6th largest holding. Krane Funds Advisors LLC’s holdings in Vipshop were worth $226,319,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. boosted its position in shares of Vipshop by 153.8% during the fourth quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock valued at $36,000 after buying an additional 1,250 shares during the period. Cooper Investors PTY Ltd. purchased a new stake in shares of Vipshop in the fourth quarter worth approximately $58,000. Huntington National Bank raised its holdings in shares of Vipshop by 36.3% in the third quarter. Huntington National Bank now owns 4,530 shares of the technology company’s stock worth $89,000 after buying an additional 1,207 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Vipshop by 104.3% during the 4th quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock worth $106,000 after acquiring an additional 3,050 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted 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 acquiring an additional 6,020 shares during the period. 48.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VIPS has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Vipshop in a research note on Thursday, February 26th. JPMorgan Chase & Co. cut their price target on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday, February 27th. Bank of America restated an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. Finally, Weiss Ratings downgraded shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. One equities 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Vipshop has an average rating of “Moderate Buy” and a consensus target price of $20.20.

Vipshop Price Performance

Shares of Vipshop stock opened at $13.53 on Monday. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 1.35 and a beta of 0.64. The firm’s 50-day moving average is $14.71 and its two-hundred day moving average is $16.79. Vipshop Holdings Limited has a 1 year low of $13.52 and a 1 year high of $21.08.

About Vipshop

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.