Raiffeisen Bank International AG Buys 35,100 Shares of Vipshop Holdings Limited $VIPS

Raiffeisen Bank International AG boosted its stake in Vipshop Holdings Limited (NYSE:VIPS) by 132.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,595 shares of the technology company’s stock after purchasing an additional 35,100 shares during the quarter. Raiffeisen Bank International AG’s holdings in Vipshop were worth $913,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC grew its position in shares of Vipshop by 17.4% during the 1st quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company’s stock worth $262,757,000 after buying an additional 2,483,294 shares during the period. SG Americas Securities LLC raised its position in shares of Vipshop by 6,092.5% in the 2nd quarter. SG Americas Securities LLC now owns 1,926,991 shares of the technology company’s stock valued at $29,001,000 after acquiring an additional 1,895,873 shares during the period. National Bank of Canada FI boosted its stake in Vipshop by 12,654.0% during the 1st quarter. National Bank of Canada FI now owns 1,151,563 shares of the technology company’s stock worth $18,056,000 after acquiring an additional 1,142,534 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Vipshop by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock valued at $77,326,000 after purchasing an additional 1,126,983 shares during the period. Finally, Orbis Allan Gray Ltd increased its stake in Vipshop by 18.3% in the first quarter. Orbis Allan Gray Ltd now owns 7,009,180 shares of the technology company’s stock valued at $109,904,000 after purchasing an additional 1,084,345 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Up 0.1%

Vipshop stock opened at $19.63 on Wednesday. The stock has a market cap of $10.06 billion, a P/E ratio of 10.67, a P/E/G ratio of 2.11 and a beta of 0.83. The company’s 50-day moving average price is $18.90 and its two-hundred day moving average price is $16.62. Vipshop Holdings Limited has a twelve month low of $12.14 and a twelve month high of $21.08.

Wall Street Analyst Weigh In

VIPS has been the topic of a number of recent analyst reports. Zacks Research cut shares of Vipshop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Citigroup increased their price objective on Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vipshop in a research report on Thursday, November 13th. Finally, Wall Street Zen lowered Vipshop from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Vipshop presently has an average rating of “Hold” and an average target price of $18.33.

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.