Mitsubishi UFJ Trust & Banking Corp Buys 70,078 Shares of Vipshop Holdings Limited $VIPS

Mitsubishi UFJ Trust & Banking Corp grew its stake in Vipshop Holdings Limited (NYSE:VIPS) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,178,821 shares of the technology company’s stock after purchasing an additional 70,078 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Vipshop were worth $23,152,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VIPS. Robeco Institutional Asset Management B.V. grew its holdings in Vipshop by 2.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 12,204,449 shares of the technology company’s stock worth $239,695,000 after buying an additional 323,058 shares in the last quarter. Invesco Ltd. boosted its holdings in Vipshop by 9.3% during the 2nd quarter. Invesco Ltd. now owns 8,930,629 shares of the technology company’s stock worth $134,406,000 after acquiring an additional 760,377 shares during the last quarter. State Street Corp boosted its holdings in Vipshop by 2.1% during the 2nd quarter. State Street Corp now owns 7,147,094 shares of the technology company’s stock worth $107,564,000 after acquiring an additional 143,614 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Vipshop by 29.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock worth $77,326,000 after acquiring an additional 1,126,983 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Vipshop by 12.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,690,733 shares of the technology company’s stock valued at $72,486,000 after purchasing an additional 407,450 shares during the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VIPS. Zacks Research upgraded shares of Vipshop from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a research report on Monday, December 29th. Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a report on Thursday, November 20th. Barclays increased their price target on Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Friday, November 21st. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.38.

Vipshop Trading Down 0.4%

NYSE:VIPS opened at $17.39 on Tuesday. Vipshop Holdings Limited has a 12 month low of $12.14 and a 12 month high of $21.08. The firm’s 50 day moving average is $18.85 and its 200 day moving average is $18.05. The stock has a market capitalization of $8.91 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 1.48 and a beta of 0.72.

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.