Vise Technologies Inc. Acquires Shares of 54,300 Vipshop Holdings Limited $VIPS

Vise Technologies Inc. purchased a new position in shares of Vipshop Holdings Limited (NYSE:VIPS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 54,300 shares of the technology company’s stock, valued at approximately $817,000.

A number of other hedge funds have also recently added to or reduced their stakes in VIPS. Farther Finance Advisors LLC lifted its holdings in shares of Vipshop by 209.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock valued at $38,000 after buying an additional 1,726 shares during the period. Brooklyn Investment Group grew its stake in Vipshop by 1,695.2% in the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,475 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of Vipshop by 1,187.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock worth $49,000 after purchasing an additional 3,027 shares in the last quarter. Huntington National Bank increased its position in Vipshop by 53.8% during the second quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock worth $50,000 after buying an additional 1,163 shares in the last quarter. Finally, Atlas Capital Advisors Inc. raised its holdings in shares of Vipshop by 41.5% in the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock worth $56,000 after acquiring an additional 1,046 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Analyst Upgrades and Downgrades

VIPS has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a report on Wednesday, October 8th. Citigroup upped their price objective on Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Zacks Research downgraded Vipshop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Finally, Bank of America dropped their price target on Vipshop from $17.80 to $17.30 and set a “buy” rating for the company in a research note on Friday, July 18th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $18.33.

Vipshop Price Performance

Shares of Vipshop stock opened at $19.70 on Friday. The business has a 50-day moving average of $18.77 and a 200-day moving average of $16.46. The company has a market capitalization of $10.10 billion, a PE ratio of 10.71, a P/E/G ratio of 2.11 and a beta of 0.83. Vipshop Holdings Limited has a 1-year low of $12.14 and a 1-year high of $21.08.

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.