Polymer Capital Management HK LTD Grows Stock Position in Vipshop Holdings Limited $VIPS

Polymer Capital Management HK LTD grew its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 59.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 932,407 shares of the technology company’s stock after acquiring an additional 347,307 shares during the quarter. Vipshop makes up 2.3% of Polymer Capital Management HK LTD’s holdings, making the stock its 10th largest holding. Polymer Capital Management HK LTD’s holdings in Vipshop were worth $16,494,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Packer & Co Ltd bought a new position in shares of Vipshop during the 4th quarter valued at $27,406,000. Step Capital Management Pte. Ltd. bought a new position in shares of Vipshop during the 4th quarter valued at $2,338,000. Vanguard Group Inc. lifted its holdings in shares of Vipshop by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock valued at $179,518,000 after buying an additional 149,758 shares during the period. APG Asset Management N.V. lifted its holdings in shares of Vipshop by 141.4% during the 3rd quarter. APG Asset Management N.V. now owns 177,187 shares of the technology company’s stock valued at $3,480,000 after buying an additional 103,800 shares during the period. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Vipshop during the 3rd quarter valued at $4,971,000. 48.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Nomura raised Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Friday, February 27th. Benchmark reissued a “hold” rating on shares of Vipshop in a report on Friday, May 22nd. UBS Group set a $18.50 target price on Vipshop and gave the stock a “buy” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. decreased their target price on Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Finally, Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.20.

Vipshop Stock Performance

Shares of Vipshop stock opened at $13.92 on Friday. Vipshop Holdings Limited has a one year low of $13.44 and a one year high of $21.08. The stock’s fifty day moving average is $14.51 and its 200 day moving average is $16.62. The stock has a market cap of $6.67 billion, a P/E ratio of 6.54, a P/E/G ratio of 1.40 and a beta of 0.64.

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.