BRIGHT VALLEY CAPITAL Ltd Invests $5.23 Million in Vipshop Holdings Limited $VIPS

BRIGHT VALLEY CAPITAL Ltd bought a new position in Vipshop Holdings Limited (NYSE:VIPS) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 295,789 shares of the technology company’s stock, valued at approximately $5,233,000. Vipshop accounts for approximately 1.9% of BRIGHT VALLEY CAPITAL Ltd’s portfolio, making the stock its 9th largest holding.

Several other large investors have also recently modified their holdings of VIPS. Richardson Financial Services Inc. increased its stake in shares of Vipshop by 153.8% in the fourth quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,250 shares in the last quarter. Cooper Investors PTY Ltd. purchased a new position in Vipshop during the fourth quarter valued at approximately $58,000. Huntington National Bank grew its stake in Vipshop by 36.3% during the third quarter. Huntington National Bank now owns 4,530 shares of the technology company’s stock valued at $89,000 after acquiring an additional 1,207 shares in the last quarter. Global Retirement Partners LLC grew its stake in Vipshop by 104.3% during the fourth quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock valued at $106,000 after acquiring an additional 3,050 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Vipshop by 229.1% during the fourth quarter. Farther Finance Advisors LLC now owns 8,648 shares of the technology company’s stock valued at $153,000 after acquiring an additional 6,020 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VIPS shares. Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. Finally, UBS Group set a $18.50 price objective on shares of Vipshop and gave the company a “buy” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.20.

Vipshop Price Performance

Shares of Vipshop stock opened at $13.91 on Friday. Vipshop Holdings Limited has a 1 year low of $13.44 and a 1 year high of $21.08. The firm has a market cap of $6.66 billion, a PE ratio of 6.53, a PEG ratio of 1.38 and a beta of 0.64. The company has a 50 day simple moving average of $14.53 and a two-hundred day simple moving average of $16.64.

About Vipshop

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.