ANTIPODES PARTNERS Ltd Takes $756,000 Position in Vipshop Holdings Limited (NYSE:VIPS)

ANTIPODES PARTNERS Ltd bought a new stake in Vipshop Holdings Limited (NYSE:VIPS) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 48,195 shares of the technology company’s stock, valued at approximately $756,000.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Vipshop by 3,533.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company’s stock worth $310,000 after buying an additional 1,965,244 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Vipshop in the 1st quarter valued at about $427,000. Bank of New York Mellon Corp lifted its holdings in shares of Vipshop by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 560,933 shares of the technology company’s stock valued at $8,795,000 after purchasing an additional 22,204 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Vipshop in the 1st quarter valued at about $27,051,000. Finally, Lighthouse Investment Partners LLC acquired a new position in Vipshop in the 4th quarter valued at about $1,990,000. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Down 1.9%

VIPS traded down $0.32 during trading on Thursday, hitting $16.16. The company had a trading volume of 566,036 shares, compared to its average volume of 3,641,127. The company has a market capitalization of $8.28 billion, a PE ratio of 8.48, a PEG ratio of 1.82 and a beta of 0.58. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $17.94. The firm’s 50-day moving average price is $14.90 and its 200 day moving average price is $14.68.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VIPS. Citigroup cut Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a report on Tuesday, April 1st. Wall Street Zen cut Vipshop from a “buy” rating to a “hold” rating in a research note on Thursday, May 29th. Barclays decreased their price target on Vipshop from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price objective on Vipshop from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, June 30th. Finally, Bank of America dropped their price target on Vipshop from $17.80 to $17.30 and set a “buy” rating on the stock in a report on Friday, July 18th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.83.

Vipshop Company 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.