Vipshop Holdings Limited $VIPS Stake Increased by Acadian Asset Management LLC

Acadian Asset Management LLC grew its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 17.4% in the first quarter, Holdings Channel.com reports. The firm owned 16,760,405 shares of the technology company’s stock after purchasing an additional 2,483,294 shares during the period. Acadian Asset Management LLC’s holdings in Vipshop were worth $262,757,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new position in shares of Vipshop in the first quarter worth $35,000. Brooklyn Investment Group increased its stake in shares of Vipshop by 1,695.2% in the first quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company’s stock worth $41,000 after acquiring an additional 2,475 shares during the last quarter. Atlas Capital Advisors Inc. increased its stake in shares of Vipshop by 41.5% in the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock worth $56,000 after acquiring an additional 1,046 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Vipshop in the first quarter worth $62,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Vipshop in the first quarter worth $86,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Performance

Shares of NYSE:VIPS opened at $17.67 on Wednesday. The company has a market cap of $9.06 billion, a P/E ratio of 9.60, a P/E/G ratio of 1.96 and a beta of 0.70. The stock’s 50-day moving average is $16.02 and its 200-day moving average is $15.18. Vipshop Holdings Limited has a 52-week low of $12.14 and a 52-week high of $17.94.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Barclays dropped their price target on shares of Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, May 22nd. JPMorgan Chase & Co. dropped their price target on shares of Vipshop from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, June 30th. Bank of America lowered their target price on shares of Vipshop from $17.80 to $17.30 and set a “buy” rating on the stock in a research report on Friday, July 18th. Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday, May 29th. Finally, Zacks Research downgraded shares of Vipshop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.33.

Vipshop 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.