Vipshop Holdings Limited (NYSE:VIPS) Position Raised by Hhlr Advisors LTD.

Hhlr Advisors LTD. increased its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 6.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 15,720,322 shares of the technology company’s stock after acquiring an additional 914,322 shares during the period. Vipshop accounts for about 5.4% of Hhlr Advisors LTD.’s holdings, making the stock its 5th biggest holding. Hhlr Advisors LTD.’s holdings in Vipshop were worth $247,281,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of Vipshop by 1,904.0% during the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after buying an additional 3,351 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Vipshop during the 3rd quarter valued at approximately $56,000. Employees Retirement System of Texas lifted its position in shares of Vipshop by 143.2% during the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after buying an additional 2,717 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of Vipshop during the 2nd quarter valued at approximately $136,000. Finally, Atomi Financial Group Inc. lifted its position in shares of Vipshop by 6.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock valued at $174,000 after buying an additional 702 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VIPS. Morgan Stanley decreased their price objective on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Benchmark restated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. UBS Group lowered Vipshop from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Barclays began coverage on Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective on the stock. Finally, Citigroup decreased their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vipshop currently has an average rating of “Hold” and an average price target of $17.50.

Vipshop Stock Up 1.8 %

Shares of VIPS opened at $13.81 on Friday. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $20.19. The company has a market capitalization of $7.09 billion, a PE ratio of 6.61, a price-to-earnings-growth ratio of 1.55 and a beta of 0.34. The stock has a fifty day simple moving average of $14.70 and a two-hundred day simple moving average of $14.33.

About Vipshop

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.