Maven Securities LTD Makes New $629,000 Investment in Vipshop Holdings Limited (NYSE:VIPS)

Maven Securities LTD purchased a new stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 40,000 shares of the technology company's stock, valued at approximately $629,000.

A number of other hedge funds also recently made changes to their positions in VIPS. Janus Henderson Group PLC acquired a new stake in shares of Vipshop in the 3rd quarter worth approximately $6,331,000. Hhlr Advisors LTD. grew its stake in shares of Vipshop by 6.2% in the 3rd quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company's stock worth $247,281,000 after purchasing an additional 914,322 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Vipshop by 179.5% in 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 purchasing an additional 2,558,896 shares in the last quarter. Quantbot Technologies LP lifted its stake in Vipshop by 175.7% during the third quarter. Quantbot Technologies LP now owns 85,841 shares of the technology company's stock valued at $1,350,000 after purchasing an additional 54,700 shares during the last quarter. Finally, FMR LLC boosted its holdings in Vipshop by 8.5% during the third quarter. FMR LLC now owns 2,071,160 shares of the technology company's stock worth $32,579,000 after buying an additional 162,027 shares in the last quarter. Institutional investors own 48.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VIPS. UBS Group downgraded Vipshop from a "buy" rating to a "neutral" rating and reduced their target price for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Barclays assumed coverage on shares of Vipshop in a research note on Wednesday, November 6th. They set an "overweight" rating and a $19.00 price objective for the company. Citigroup dropped their target price on shares of Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, November 20th. StockNews.com downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Finally, CLSA downgraded shares of Vipshop from an "outperform" rating to a "hold" rating and cut their target price for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Vipshop currently has a consensus rating of "Hold" and an average price target of $17.50.

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. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $20.19. The business has a 50 day moving average price of $14.70 and a 200 day moving average price of $14.22. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 6.35, a P/E/G ratio of 1.59 and a beta of 0.31.

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.