BI Asset Management Fondsmaeglerselskab A S Purchases 82,606 Shares of Vipshop Holdings Limited $VIPS

BI Asset Management Fondsmaeglerselskab A S increased its position in Vipshop Holdings Limited (NYSE:VIPS) by 68.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 203,173 shares of the technology company’s stock after purchasing an additional 82,606 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Vipshop were worth $3,990,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its stake in shares of Vipshop by 1,187.1% in the second quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock worth $49,000 after purchasing an additional 3,027 shares in the last quarter. Huntington National Bank lifted its stake in shares of Vipshop by 53.8% during 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. Global Retirement Partners LLC boosted its holdings in Vipshop by 575.5% in the 3rd quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock worth $57,000 after buying an additional 2,492 shares during the period. Tobam bought a new position in Vipshop in the 2nd quarter worth approximately $91,000. Finally, PNC Financial Services Group Inc. grew its stake in Vipshop by 65.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,091 shares of the technology company’s stock valued at $107,000 after buying an additional 2,809 shares in the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on VIPS. JPMorgan Chase & Co. increased their target price on Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Citigroup reiterated a “neutral” rating on shares of Vipshop in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a research note on Monday, December 29th. Jefferies Financial Group reiterated a “buy” rating and set a $22.60 price target on shares of Vipshop in a research report on Tuesday, December 30th. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a report on Friday, November 21st. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Vipshop has an average rating of “Moderate Buy” and an average target price of $20.38.

Vipshop Stock Up 3.8%

Vipshop stock opened at $17.96 on Friday. The stock has a market cap of $9.21 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 1.46 and a beta of 0.72. The business has a 50-day simple moving average of $18.51 and a 200 day simple moving average of $18.14. Vipshop Holdings Limited has a 52 week low of $12.14 and a 52 week high of $21.08.

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.