Fmr LLC Buys 162,027 Shares of Vipshop Holdings Limited (NYSE:VIPS)

FMR LLC increased its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,071,160 shares of the technology company's stock after buying an additional 162,027 shares during the period. FMR LLC owned 0.38% of Vipshop worth $32,579,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VIPS. First Beijing Investment Ltd bought a new position in Vipshop in the 3rd quarter worth approximately $120,182,000. Krane Funds Advisors LLC increased its position in Vipshop by 20.3% during the second quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company's stock worth $204,901,000 after acquiring an additional 2,659,117 shares during the period. Hsbc Holdings PLC raised its stake in Vipshop by 155.0% during the 2nd quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company's stock valued at $45,347,000 after purchasing an additional 2,117,902 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings 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 purchasing an additional 780,443 shares during the period. Finally, Marathon Asset Management Ltd boosted its holdings in Vipshop by 14.9% in the 3rd quarter. Marathon Asset Management Ltd now owns 4,390,922 shares of the technology company's stock valued at $69,069,000 after purchasing an additional 570,869 shares during the period. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Stock Up 11.7 %

Vipshop stock traded up $1.53 during mid-day trading on Monday, hitting $14.62. 4,197,991 shares of the company were exchanged, compared to its average volume of 3,874,882. The company has a market capitalization of $7.50 billion, a PE ratio of 6.95, a price-to-earnings-growth ratio of 1.50 and a beta of 0.31. The business has a fifty day moving average of $14.60 and a 200 day moving average of $14.16. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19.

Wall Street Analysts Forecast Growth

VIPS has been the subject of a number of research analyst reports. StockNews.com lowered shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Benchmark reaffirmed a "hold" rating on shares of Vipshop in a report on Wednesday, November 20th. Citigroup decreased their price objective on Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, November 20th. UBS Group lowered Vipshop from a "buy" rating to a "neutral" rating and cut their target price for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Finally, Barclays initiated coverage on shares of Vipshop in a research note on Wednesday, November 6th. They set an "overweight" rating and a $19.00 price target on the stock. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.