Caas Capital Management LP Acquires Shares of 98,536 Vipshop Holdings Limited (NYSE:VIPS)

Caas Capital Management LP bought a new stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 98,536 shares of the technology company's stock, valued at approximately $1,327,000. Vipshop comprises 0.2% of Caas Capital Management LP's portfolio, making the stock its 25th largest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. abrdn plc raised its position in shares of Vipshop by 4.4% in the 4th quarter. abrdn plc now owns 723,339 shares of the technology company's stock worth $9,610,000 after acquiring an additional 30,403 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Vipshop by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company's stock worth $149,619,000 after purchasing an additional 139,320 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its stake in Vipshop by 24.0% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 19,573 shares of the technology company's stock valued at $264,000 after buying an additional 3,782 shares during the period. Blue Trust Inc. boosted its holdings in shares of Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock worth $134,000 after buying an additional 1,487 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its position in shares of Vipshop by 10.8% during the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock worth $165,000 after buying an additional 1,191 shares during the period. Institutional investors and hedge funds own 48.82% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Monday. Benchmark restated a "hold" rating on shares of Vipshop in a research note on Wednesday, November 20th. Barclays began coverage on Vipshop in a research note on Wednesday, November 6th. They set an "overweight" rating and a $19.00 price target on the stock. Finally, Citigroup reduced their price objective on Vipshop from $18.00 to $17.00 and set a "buy" rating for the company in a research note 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $17.50.

Vipshop Stock Performance

VIPS traded down $0.25 during midday trading on Friday, reaching $14.97. 4,032,107 shares of the company were exchanged, compared to its average volume of 3,120,688. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 7.16, a price-to-earnings-growth ratio of 1.50 and a beta of 0.30. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19. The company's fifty day moving average price is $13.73 and its 200 day moving average price is $13.88.

Vipshop Profile

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.