Massachusetts Financial Services Co. MA Has $75.95 Million Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Massachusetts Financial Services Co. MA boosted its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 7.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,828,506 shares of the technology company's stock after buying an additional 333,989 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.89% of Vipshop worth $75,952,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VIPS. Vanguard Group Inc. boosted its stake in Vipshop by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company's stock worth $227,772,000 after purchasing an additional 248,743 shares during the period. Caxton Associates LP increased its holdings in Vipshop by 7.7% during the 1st quarter. Caxton Associates LP now owns 80,377 shares of the technology company's stock valued at $1,330,000 after acquiring an additional 5,769 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in Vipshop during the 1st quarter valued at about $1,211,000. Bayesian Capital Management LP purchased a new stake in shares of Vipshop during the first quarter worth about $515,000. Finally, Virtus Investment Advisers Inc. grew its holdings in Vipshop by 5.4% in the first quarter. Virtus Investment Advisers Inc. now owns 167,106 shares of the technology company's stock valued at $2,766,000 after purchasing an additional 8,488 shares during the period. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Stock Up 2.4 %

Shares of VIPS traded up $0.32 during mid-day trading on Monday, reaching $13.56. The company's stock had a trading volume of 1,834,035 shares, compared to its average volume of 3,907,973. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 1.49 and a beta of 0.34. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $20.19. The business has a fifty day moving average of $14.66 and a 200 day moving average of $14.38.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VIPS. Benchmark reaffirmed a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. StockNews.com lowered shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. UBS Group lowered shares of Vipshop from a "buy" rating to a "neutral" rating and lowered their target price for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. CLSA lowered shares of Vipshop from an "outperform" rating to a "hold" rating and lowered their price target for the stock from $15.80 to $12.00 in a research report on Wednesday, August 21st. Finally, Citigroup lowered their price target 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. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus 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.