17,000 Shares in Vipshop Holdings Limited $VIPS Acquired by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,000 shares of the technology company’s stock, valued at approximately $256,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of Vipshop by 209.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock valued at $38,000 after acquiring an additional 1,726 shares during the period. Brooklyn Investment Group lifted its position in Vipshop by 1,695.2% during the first quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company’s stock valued at $41,000 after purchasing an additional 2,475 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Vipshop by 1,187.1% during the second quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock valued at $49,000 after purchasing an additional 3,027 shares during the period. Huntington National Bank increased its position in Vipshop by 53.8% in the second quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock worth $50,000 after buying an additional 1,163 shares in the last quarter. Finally, Atlas Capital Advisors Inc. raised its stake in shares of Vipshop by 41.5% in the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock worth $56,000 after buying an additional 1,046 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Analyst Upgrades and Downgrades

VIPS has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Vipshop in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup raised their price objective on shares of Vipshop from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 15th. Zacks Research downgraded shares of Vipshop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Finally, Bank of America decreased 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. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $18.33.

Vipshop Stock Performance

Shares of NYSE:VIPS opened at $19.87 on Wednesday. The firm has a market cap of $10.19 billion, a price-to-earnings ratio of 10.80, a P/E/G ratio of 2.11 and a beta of 0.83. The firm has a fifty day moving average price of $18.66 and a 200 day moving average price of $16.42. Vipshop Holdings Limited has a fifty-two week low of $12.14 and a fifty-two week high of $21.08.

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.