Ping Capital Management Inc. bought a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 40,000 shares of the technology company's stock, valued at approximately $539,000.
Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC bought a new position in Vipshop in the 3rd quarter valued at about $56,000. Blue Trust Inc. grew its position in Vipshop by 140.6% in the 3rd quarter. Blue Trust Inc. now owns 8,485 shares of the technology company's stock valued at $133,000 after buying an additional 4,958 shares in the last quarter. Atomi Financial Group Inc. grew its position in Vipshop by 10.8% in the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock valued at $165,000 after buying an additional 1,191 shares in the last quarter. Polymer Capital Management HK LTD bought a new position in Vipshop in the 3rd quarter valued at about $175,000. Finally, Quantinno Capital Management LP grew its position in Vipshop by 16.9% in the 3rd quarter. Quantinno Capital Management LP now owns 15,811 shares of the technology company's stock valued at $249,000 after buying an additional 2,284 shares in the last quarter. Institutional investors own 48.82% of the company's stock.
Vipshop Price Performance
NYSE:VIPS traded down $0.25 during mid-day trading on Friday, reaching $14.97. The stock had a trading volume of 4,032,107 shares, compared to its average volume of 2,725,060. The business's 50 day moving average is $13.73 and its 200 day moving average is $13.88. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The stock has a market cap of $7.68 billion, a P/E ratio of 7.16, a PEG ratio of 1.59 and a beta of 0.30.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Citigroup decreased their target price on shares of Vipshop from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, November 20th. StockNews.com downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Barclays started coverage on shares of Vipshop in a report on Wednesday, November 6th. They issued an "overweight" rating and a $19.00 price target for the company. Finally, Benchmark reissued a "hold" rating on shares of Vipshop in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $17.50.
Check Out Our Latest Stock Analysis on Vipshop
Vipshop Profile
(
Free Report)
Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.
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