SEB Asset Management AB Takes $2.86 Million Position in Vipshop Holdings Limited $VIPS

SEB Asset Management AB bought a new stake in Vipshop Holdings Limited (NYSE:VIPS) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 182,079 shares of the technology company’s stock, valued at approximately $2,862,000.

Other hedge funds have also made changes to their positions in the company. FIL Ltd boosted its stake in Vipshop by 2.6% in the 4th quarter. FIL Ltd now owns 18,891,105 shares of the technology company’s stock worth $334,184,000 after buying an additional 483,842 shares during the last quarter. Invesco Ltd. lifted its position in Vipshop by 0.9% during the fourth quarter. Invesco Ltd. now owns 16,864,626 shares of the technology company’s stock valued at $298,335,000 after buying an additional 148,970 shares in the last quarter. Orbis Allan Gray Ltd boosted its position in Vipshop by 12.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock worth $191,316,000 after purchasing an additional 1,227,325 shares during the period. Vanguard Group Inc. boosted its position in shares of Vipshop by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock worth $179,518,000 after buying an additional 149,758 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Vipshop by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,616,834 shares of the technology company’s stock worth $152,493,000 after acquiring an additional 149,268 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Performance

Vipshop stock opened at $14.40 on Friday. The firm’s 50 day moving average price is $13.90 and its two-hundred day moving average price is $15.44. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 1.48 and a beta of 0.67. Vipshop Holdings Limited has a 1 year low of $12.65 and a 1 year high of $21.08.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VIPS. Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings lowered Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. cut their target price on Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $20.68.

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.