KBC Group NV Boosts Holdings in Vipshop Holdings Limited $VIPS

KBC Group NV grew its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 281.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 535,669 shares of the technology company’s stock after acquiring an additional 395,088 shares during the quarter. KBC Group NV’s holdings in Vipshop were worth $8,421,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Arax Advisory Partners boosted its position in shares of Vipshop by 96.8% in the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock worth $25,000 after acquiring an additional 692 shares during the last quarter. Richardson Financial Services Inc. raised its stake in Vipshop by 153.8% during 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 during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Vipshop by 8,472.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,118 shares during the last quarter. Cooper Investors PTY Ltd. acquired a new position in shares of Vipshop in the 4th quarter valued at $58,000. Finally, Global Retirement Partners LLC grew its stake in shares of Vipshop by 104.3% during the 4th quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock valued at $106,000 after buying an additional 3,050 shares during the period. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on VIPS. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Wall Street Zen downgraded Vipshop from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. UBS Group set a $18.50 price target on Vipshop and gave the stock a “buy” rating in a research note on Friday, May 22nd. Weiss Ratings downgraded Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.68.

Vipshop Trading Up 0.0%

Shares of VIPS stock opened at $14.69 on Thursday. The company has a market cap of $7.04 billion, a PE ratio of 6.90, a P/E/G ratio of 1.48 and a beta of 0.67. The company’s fifty day simple moving average is $13.90 and its 200-day simple moving average is $15.46. Vipshop Holdings Limited has a 52 week low of $12.65 and a 52 week high of $21.08.

Vipshop Company Profile

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.