Vipshop Holdings Limited $VIPS Shares Purchased by Krane Funds Advisors LLC

Krane Funds Advisors LLC grew its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 24.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 17,185,535 shares of the technology company’s stock after acquiring an additional 3,426,079 shares during the quarter. Vipshop comprises about 9.0% of Krane Funds Advisors LLC’s portfolio, making the stock its 5th biggest holding. Krane Funds Advisors LLC owned approximately 3.35% of Vipshop worth $320,424,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Central Asset Investments & Management Holdings HK Ltd bought a new stake in Vipshop during the second quarter worth about $256,000. Campbell & CO Investment Adviser LLC raised its position in shares of Vipshop by 230.5% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 94,421 shares of the technology company’s stock valued at $1,854,000 after buying an additional 65,848 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Vipshop in the 3rd quarter valued at approximately $3,401,000. Quadrant Capital Group LLC lifted its holdings in shares of Vipshop by 721.9% during the 2nd quarter. Quadrant Capital Group LLC now owns 126,094 shares of the technology company’s stock worth $1,898,000 after acquiring an additional 110,752 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Vipshop by 24.1% during the 2nd quarter. American Century Companies Inc. now owns 1,996,122 shares of the technology company’s stock worth $30,042,000 after acquiring an additional 387,223 shares in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Down 4.1%

Shares of Vipshop stock opened at $16.98 on Tuesday. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 1.49 and a beta of 0.72. Vipshop Holdings Limited has a twelve month low of $12.14 and a twelve month high of $21.08. The company’s fifty day moving average is $17.95 and its 200 day moving average is $18.32.

Analysts Set New Price Targets

Several brokerages have commented on VIPS. JPMorgan Chase & Co. boosted their price objective on shares of Vipshop from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a report on Monday, December 29th. Zacks Research raised Vipshop from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Barclays lifted their target price on Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Finally, Citigroup reissued a “neutral” rating on shares of Vipshop in a report on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.38.

Vipshop Company Profile

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.