Maven Securities LTD Buys New Shares in Vipshop Holdings Limited (NYSE:VIPS)

Maven Securities LTD bought a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 40,000 shares of the technology company’s stock, valued at approximately $629,000.

Several other institutional investors and hedge funds also recently bought and sold shares of VIPS. California State Teachers Retirement System lifted its position in Vipshop by 18.0% during the first quarter. California State Teachers Retirement System now owns 178,624 shares of the technology company’s stock valued at $2,956,000 after purchasing an additional 27,270 shares in the last quarter. Cetera Advisors LLC purchased a new position in shares of Vipshop in the first quarter valued at about $232,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Vipshop by 13.3% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 340,110 shares of the technology company’s stock valued at $4,428,000 after acquiring an additional 39,902 shares in the last quarter. Diversified Trust Co lifted its position in shares of Vipshop by 2.9% in the second quarter. Diversified Trust Co now owns 102,607 shares of the technology company’s stock valued at $1,336,000 after acquiring an additional 2,870 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Vipshop by 13.8% in the second quarter. Assenagon Asset Management S.A. now owns 22,478 shares of the technology company’s stock valued at $293,000 after acquiring an additional 2,729 shares in the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. CLSA downgraded Vipshop from an “outperform” rating to a “hold” rating and lowered their price objective for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Barclays assumed coverage on Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective on the stock. UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Benchmark reissued a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Finally, Morgan Stanley dropped their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vipshop has an average rating of “Hold” and a consensus price target of $17.50.

Vipshop Price Performance

NYSE:VIPS opened at $13.27 on Thursday. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 1.59 and a beta of 0.31. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $20.19. The business has a 50 day simple moving average of $14.70 and a 200-day simple moving average of $14.22.

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.