Vipshop Holdings Limited (NYSE:VIPS) Holdings Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 19.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,748,730 shares of the technology company's stock after purchasing an additional 290,583 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.32% of Vipshop worth $27,508,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. increased its holdings in shares of Vipshop by 1,904.0% in the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company's stock valued at $46,000 after acquiring an additional 3,351 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Vipshop during the 3rd quarter worth approximately $56,000. Employees Retirement System of Texas boosted its holdings in shares of Vipshop by 143.2% during the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company's stock worth $60,000 after purchasing an additional 2,717 shares during the last quarter. National Bank of Canada FI acquired a new position in Vipshop in the second quarter valued at approximately $136,000. Finally, Atomi Financial Group Inc. lifted its stake in Vipshop by 6.8% during the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock worth $174,000 after purchasing an additional 702 shares in the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Trading Down 0.2 %

NYSE:VIPS traded down $0.02 on Thursday, reaching $13.24. The stock had a trading volume of 1,238,727 shares, compared to its average volume of 3,881,273. The company has a 50-day moving average of $14.70 and a 200 day moving average of $14.22. The stock has a market cap of $6.80 billion, a P/E ratio of 6.35, a price-to-earnings-growth ratio of 1.59 and a beta of 0.31. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $20.19.

Analyst Ratings Changes

Several brokerages have issued reports on VIPS. StockNews.com lowered Vipshop from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. UBS Group cut Vipshop from a "buy" rating to a "neutral" rating and dropped their price target for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Barclays started 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. Citigroup reduced their target price on Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, November 20th. Finally, Benchmark reiterated a "hold" rating on shares of Vipshop in a report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $17.50.

About Vipshop

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.