Vipshop Holdings Limited $VIPS Shares Purchased by Prudential PLC

Prudential PLC boosted its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 16.0% in the 4th quarter, HoldingsChannel reports. The fund owned 1,240,584 shares of the technology company’s stock after acquiring an additional 170,872 shares during the period. Prudential PLC’s holdings in Vipshop were worth $21,946,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mariner LLC lifted its position in shares of Vipshop by 3.2% during the 3rd quarter. Mariner LLC now owns 18,308 shares of the technology company’s stock worth $360,000 after buying an additional 561 shares during the last quarter. D Orazio & Associates Inc. raised its position in Vipshop by 4.3% in the 3rd quarter. D Orazio & Associates Inc. now owns 15,119 shares of the technology company’s stock valued at $297,000 after purchasing an additional 618 shares during the last quarter. Quadrant Capital Group LLC raised its position in Vipshop by 0.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 126,881 shares of the technology company’s stock valued at $2,492,000 after purchasing an additional 787 shares during the last quarter. Lester Murray Antman dba SimplyRich raised its position in Vipshop by 0.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 147,719 shares of the technology company’s stock valued at $2,613,000 after purchasing an additional 966 shares during the last quarter. Finally, Huntington National Bank raised its position in Vipshop by 36.3% in the 3rd quarter. Huntington National Bank now owns 4,530 shares of the technology company’s stock valued at $89,000 after purchasing an additional 1,207 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

VIPS has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Nomura raised shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Friday, February 27th. Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Benchmark reissued a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. Finally, UBS Group set a $18.50 price objective on shares of Vipshop and gave the company a “buy” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued 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 Price Performance

Vipshop stock opened at $13.88 on Friday. Vipshop Holdings Limited has a 12-month low of $13.62 and a 12-month high of $21.08. The stock has a market capitalization of $6.64 billion, a P/E ratio of 6.51, a P/E/G ratio of 1.42 and a beta of 0.64. The firm’s 50-day moving average is $14.76 and its two-hundred day moving average is $16.83.

Vipshop 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.