Handelsbanken Fonder AB Acquires 46,150 Shares of Vipshop Holdings Limited $VIPS

Handelsbanken Fonder AB raised its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 16.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 322,995 shares of the technology company’s stock after purchasing an additional 46,150 shares during the period. Handelsbanken Fonder AB owned 0.07% of Vipshop worth $4,283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. boosted its stake in Vipshop by 87.2% in the 3rd quarter. Invesco Ltd. now owns 16,715,656 shares of the technology company’s stock worth $328,295,000 after purchasing an additional 7,785,027 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Vipshop by 23,837.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,792,794 shares of the technology company’s stock valued at $49,405,000 after buying an additional 2,781,127 shares during the period. Norges Bank bought a new stake in shares of Vipshop during the fourth quarter valued at about $27,631,000. Orbis Allan Gray Ltd lifted its holdings in shares of Vipshop by 12.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock worth $191,316,000 after buying an additional 1,227,325 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Vipshop by 29.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock valued at $77,326,000 after acquiring an additional 1,126,983 shares during the period. Institutional investors own 48.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VIPS shares. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Wall Street Zen cut Vipshop from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. UBS Group set a $18.50 price objective on shares of Vipshop and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings downgraded shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. One 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.02.

Vipshop Price Performance

Shares of Vipshop stock opened at $14.14 on Friday. The firm has a fifty day moving average price of $14.15 and a 200 day moving average price of $15.15. Vipshop Holdings Limited has a 1 year low of $12.65 and a 1 year high of $21.08. The stock has a market cap of $6.77 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 1.42 and a beta of 0.67.

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.