Rakuten Investment Management Inc. Buys Shares of 29,171 Vipshop Holdings Limited $VIPS

Rakuten Investment Management Inc. purchased a new stake in Vipshop Holdings Limited (NYSE:VIPS) during the third quarter, according to its most recent filing with the SEC. The firm purchased 29,171 shares of the technology company’s stock, valued at approximately $573,000.

Other large investors have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. boosted its position in Vipshop by 0.5% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 133,271 shares of the technology company’s stock valued at $2,006,000 after purchasing an additional 657 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Vipshop by 3.0% in the second quarter. Advisors Asset Management Inc. now owns 23,072 shares of the technology company’s stock worth $347,000 after purchasing an additional 664 shares in the last quarter. Lester Murray Antman dba SimplyRich lifted its position in shares of Vipshop by 0.5% during the third quarter. Lester Murray Antman dba SimplyRich now owns 146,753 shares of the technology company’s stock valued at $2,882,000 after buying an additional 685 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Vipshop by 0.6% during the third quarter. Exchange Traded Concepts LLC now owns 121,975 shares of the technology company’s stock valued at $2,396,000 after buying an additional 693 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Vipshop by 53.8% in the 2nd quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock valued at $50,000 after buying an additional 1,163 shares in the last quarter. 48.82% of the stock is owned by institutional investors.

Vipshop Trading Up 0.2%

Shares of Vipshop stock opened at $17.45 on Friday. The firm’s 50 day simple moving average is $18.89 and its two-hundred day simple moving average is $18.02. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 1.48 and a beta of 0.72. Vipshop Holdings Limited has a 12-month low of $12.14 and a 12-month high of $21.08.

Analysts Set New Price Targets

Several research analysts recently commented on VIPS shares. Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Friday, November 21st. Wall Street Zen lowered shares of Vipshop from a “buy” rating to a “hold” rating in a report on Sunday, January 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a research report on Monday, December 29th. Barclays increased their price objective on Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Finally, Citigroup restated a “neutral” rating on shares of Vipshop in a research note on Thursday, November 20th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.38.

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.