Geode Capital Management LLC Raises Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Geode Capital Management LLC lifted its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,256,744 shares of the technology company's stock after purchasing an additional 176,037 shares during the quarter. Geode Capital Management LLC owned about 0.60% of Vipshop worth $50,937,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Lingohr Asset Management GmbH bought a new stake in Vipshop in the third quarter worth about $921,000. The Manufacturers Life Insurance Company raised its holdings in shares of Vipshop by 76.6% in the second quarter. The Manufacturers Life Insurance Company now owns 73,369 shares of the technology company's stock worth $955,000 after buying an additional 31,816 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Vipshop by 179.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company's stock worth $62,670,000 after acquiring an additional 2,558,896 shares during the last quarter. FMR LLC boosted its holdings in Vipshop by 8.5% during the 3rd quarter. FMR LLC now owns 2,071,160 shares of the technology company's stock valued at $32,579,000 after acquiring an additional 162,027 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in Vipshop by 30.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,379,114 shares of the technology company's stock valued at $43,996,000 after acquiring an additional 780,443 shares during the last quarter. Institutional investors own 48.82% of the company's stock.

Vipshop Price Performance

Shares of NYSE:VIPS traded up $0.03 during trading hours on Monday, hitting $13.61. The company's stock had a trading volume of 963,960 shares, compared to its average volume of 3,842,993. The firm's fifty day moving average price is $13.99 and its 200 day moving average price is $14.00. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $20.19. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 6.51, a P/E/G ratio of 1.56 and a beta of 0.31.

Analysts Set New Price Targets

Several analysts have recently weighed in on VIPS shares. Benchmark reiterated a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Barclays began coverage on shares of Vipshop in a report on Wednesday, November 6th. They set an "overweight" rating and a $19.00 price objective for the company. Citigroup lowered their price objective 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. Finally, StockNews.com lowered shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Vipshop has a consensus rating of "Hold" and an average target price of $17.50.

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.