Quadrature Capital Ltd Raises Holdings in Vipshop Holdings Limited $VIPS

Quadrature Capital Ltd grew its stake in Vipshop Holdings Limited (NYSE:VIPS) by 91.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 36,290 shares of the technology company’s stock after buying an additional 17,382 shares during the quarter. Quadrature Capital Ltd’s holdings in Vipshop were worth $546,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VIPS. Envestnet Asset Management Inc. raised its holdings in Vipshop by 5.1% in the first quarter. Envestnet Asset Management Inc. now owns 43,510 shares of the technology company’s stock valued at $682,000 after acquiring an additional 2,126 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of Vipshop in the 1st quarter valued at approximately $352,000. Natixis Advisors LLC purchased a new stake in shares of Vipshop in the 1st quarter valued at approximately $237,000. US Bancorp DE raised its holdings in shares of Vipshop by 4.1% in the 1st quarter. US Bancorp DE now owns 170,172 shares of the technology company’s stock valued at $2,668,000 after purchasing an additional 6,736 shares in the last quarter. Finally, J. Safra Sarasin Holding AG purchased a new stake in shares of Vipshop during the 1st quarter worth $253,000. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Performance

VIPS opened at $20.25 on Tuesday. Vipshop Holdings Limited has a one year low of $12.14 and a one year high of $21.08. The stock has a market capitalization of $10.38 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 2.11 and a beta of 0.83. The business’s 50-day simple moving average is $19.07 and its 200-day simple moving average is $16.93.

Analyst Upgrades and Downgrades

VIPS has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday. Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a research report on Thursday, November 20th. JPMorgan Chase & Co. increased their price objective on Vipshop from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Barclays boosted their target price on Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Finally, Benchmark reaffirmed a “hold” rating on shares of Vipshop in a report on Friday, November 21st. Three 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, Vipshop currently has an average rating of “Hold” and an average price target of $19.83.

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.