Mediolanum International Funds Ltd Acquires Shares of 50,143 Vipshop Holdings Limited $VIPS

Mediolanum International Funds Ltd bought a new position in Vipshop Holdings Limited (NYSE:VIPSFree Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 50,143 shares of the technology company’s stock, valued at approximately $802,000.

Other institutional investors have also modified their holdings of the company. FIL Ltd boosted its holdings in shares of Vipshop by 2.6% in the fourth quarter. FIL Ltd now owns 18,891,105 shares of the technology company’s stock valued at $334,184,000 after purchasing an additional 483,842 shares during the period. Invesco Ltd. raised its position in Vipshop by 0.9% during the 4th quarter. Invesco Ltd. now owns 16,864,626 shares of the technology company’s stock valued at $298,335,000 after purchasing an additional 148,970 shares in the last quarter. Orbis Allan Gray Ltd lifted its holdings in shares of Vipshop by 12.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock worth $191,316,000 after buying an additional 1,227,325 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Vipshop by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock worth $179,518,000 after buying an additional 149,758 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Vipshop by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,616,834 shares of the technology company’s stock worth $152,493,000 after buying an additional 149,268 shares in the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Price Performance

Shares of VIPS stock opened at $14.69 on Wednesday. Vipshop Holdings Limited has a 1-year low of $12.65 and a 1-year high of $21.08. The stock’s 50-day moving average is $13.90 and its 200 day moving average is $15.48. The company has a market cap of $7.03 billion, a P/E ratio of 6.90, a PEG ratio of 1.47 and a beta of 0.67.

Wall Street Analyst Weigh In

VIPS has been the subject of several recent research reports. Bank of America restated an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. JPMorgan Chase & Co. reduced their price target on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $20.68.

View Our Latest Stock Report on Vipshop

About Vipshop

(Free Report)

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.

Read More

Institutional Ownership by Quarter for Vipshop (NYSE:VIPS)

Receive News & Ratings for Vipshop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vipshop and related companies with MarketBeat.com's FREE daily email newsletter.