Stock Traders Purchase High Volume of Vipshop Put Options (NYSE:VIPS)

Vipshop Holdings Limited (NYSE:VIPS) saw some unusual options trading activity on Friday. Stock traders purchased 2,663 put options on the company. This represents an increase of 167% compared to the typical volume of 996 put options.

Vipshop Stock Performance

Shares of NYSE:VIPS traded up $0.48 during trading on Friday, hitting $18.57. 1,299,524 shares of the stock were exchanged, compared to its average volume of 3,285,533. The company has a market capitalization of $9.52 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 2.11 and a beta of 0.83. Vipshop has a 1-year low of $12.14 and a 1-year high of $21.08. The company’s fifty day simple moving average is $18.93 and its 200-day simple moving average is $16.65.

Institutional Investors Weigh In On Vipshop

Several institutional investors and hedge funds have recently bought and sold shares of VIPS. Central Asset Investments & Management Holdings HK Ltd bought a new stake in Vipshop in the second quarter valued at about $256,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Vipshop by 12.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 446,034 shares of the technology company’s stock valued at $6,994,000 after purchasing an additional 49,632 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Vipshop in the 2nd quarter valued at approximately $282,000. Harvest Fund Management Co. Ltd grew its stake in shares of Vipshop by 66.6% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 216,491 shares of the technology company’s stock valued at $3,103,000 after purchasing an additional 86,548 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in shares of Vipshop by 17.4% in the 1st quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company’s stock worth $262,757,000 after buying an additional 2,483,294 shares in the last quarter. Institutional investors own 48.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Barclays reissued an “overweight” rating and set a $21.00 price objective on shares of Vipshop in a research report on Friday. Zacks Research lowered Vipshop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Citigroup reiterated a “neutral” rating on shares of Vipshop in a research note on Thursday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Vipshop in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.83.

About Vipshop

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.