Vipshop Holdings Limited $VIPS Shares Acquired by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. grew its stake in Vipshop Holdings Limited (NYSE:VIPS) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,271 shares of the technology company’s stock after acquiring an additional 657 shares during the quarter. Vipshop comprises approximately 1.9% of E Fund Management Hong Kong Co. Ltd.’s investment portfolio, making the stock its 8th biggest position. E Fund Management Hong Kong Co. Ltd.’s holdings in Vipshop were worth $2,006,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of VIPS. Acadian Asset Management LLC increased its stake 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 acquiring an additional 2,483,294 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Vipshop by 3,533.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company’s stock worth $310,000 after purchasing an additional 1,965,244 shares during the period. Principal Financial Group Inc. purchased a new position in shares of Vipshop during the 1st quarter worth $27,051,000. Packer & Co Ltd purchased a new position in shares of Vipshop during the 1st quarter worth $24,292,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Vipshop by 13.1% during the 1st 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 during the period. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Price Performance

Shares of Vipshop stock opened at $20.46 on Thursday. The business has a 50-day moving average of $17.54 and a 200 day moving average of $15.58. Vipshop Holdings Limited has a 12 month low of $12.14 and a 12 month high of $21.08. The stock has a market capitalization of $10.49 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 2.26 and a beta of 0.71.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Vipshop from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, June 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vipshop in a report on Wednesday. Zacks Research cut Vipshop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Bank of America lowered their price target on Vipshop from $17.80 to $17.30 and set a “buy” rating for the company in a report on Friday, July 18th. Finally, Wall Street Zen cut Vipshop from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.33.

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.