Kiker Wealth Management LLC Acquires New Shares in Vipshop Holdings Limited $VIPS

Kiker Wealth Management LLC acquired a new stake in Vipshop Holdings Limited (NYSE:VIPS) during the second quarter, Holdings Channel reports. The fund acquired 104,457 shares of the technology company’s stock, valued at approximately $1,572,000. Vipshop comprises about 0.9% of Kiker Wealth Management LLC’s holdings, making the stock its 23rd largest holding.

A number of other large investors have also recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its holdings in Vipshop by 17.4% in the first quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company’s stock valued at $262,757,000 after acquiring an additional 2,483,294 shares during the last quarter. Krane Funds Advisors LLC lifted its stake in Vipshop by 7.8% during the first quarter. Krane Funds Advisors LLC now owns 15,839,097 shares of the technology company’s stock worth $248,357,000 after purchasing an additional 1,148,307 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Vipshop by 13.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company’s stock worth $197,010,000 after purchasing an additional 1,456,862 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Vipshop by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 8,330,548 shares of the technology company’s stock worth $130,731,000 after purchasing an additional 267,398 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Vipshop by 5.3% during the first quarter. Invesco Ltd. now owns 8,170,252 shares of the technology company’s stock worth $128,110,000 after purchasing an additional 411,102 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Trading Up 0.4%

Shares of VIPS stock opened at $19.13 on Tuesday. The firm has a fifty day moving average price of $17.79 and a 200 day moving average price of $15.63. The company has a market cap of $9.81 billion, a P/E ratio of 10.40, a PEG ratio of 2.13 and a beta of 0.71. Vipshop Holdings Limited has a 12 month low of $12.14 and a 12 month high of $21.08.

Analysts Set New Price Targets

VIPS has been the topic of a number of research reports. Citigroup upped their price target on Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, August 15th. Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a research note on Wednesday, October 8th. Bank of America decreased their price target on Vipshop from $17.80 to $17.30 and set a “buy” rating on the stock in a research note on Friday, July 18th. JPMorgan Chase & Co. decreased their price target on Vipshop from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, June 30th. Finally, Wall Street Zen cut Vipshop from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.33.

Vipshop Company 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.