Polaris Capital Management LLC Takes Position in Vipshop Holdings Limited (NYSE:VIPS)

Polaris Capital Management LLC bought a new position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,684,100 shares of the technology company's stock, valued at approximately $63,095,000. Vipshop comprises about 3.0% of Polaris Capital Management LLC's investment portfolio, making the stock its 6th largest holding. Polaris Capital Management LLC owned 0.91% of Vipshop as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Venturi Wealth Management LLC purchased a new stake in shares of Vipshop during the 3rd quarter valued at approximately $56,000. Blue Trust Inc. raised its position in Vipshop by 140.6% in the third quarter. Blue Trust Inc. now owns 8,485 shares of the technology company's stock valued at $133,000 after purchasing an additional 4,958 shares during the period. Atomi Financial Group Inc. raised its position in Vipshop by 6.8% in the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock valued at $174,000 after purchasing an additional 702 shares during the period. Polymer Capital Management HK LTD purchased a new stake in Vipshop in the third quarter valued at approximately $175,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Vipshop in the fourth quarter valued at approximately $175,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Wednesday. Barclays initiated coverage on Vipshop in a report on Wednesday, November 6th. They issued an "overweight" rating and a $19.00 price target for the company. Citigroup decreased their price objective on Vipshop from $18.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, November 20th. Finally, Benchmark reissued a "hold" rating on shares of Vipshop in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $17.50.

Vipshop Stock Performance

NYSE:VIPS traded down $0.15 during trading hours on Friday, hitting $15.34. The company's stock had a trading volume of 2,441,854 shares, compared to its average volume of 3,193,051. The business's 50-day moving average is $13.86 and its two-hundred day moving average is $13.92. The company has a market capitalization of $7.87 billion, a PE ratio of 7.34, a PEG ratio of 1.59 and a beta of 0.30. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $20.19.

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.