1,561,966 Shares in Vipshop Holdings Limited $VIPS Bought by Norges Bank

Norges Bank bought a new position in shares of Vipshop Holdings Limited (NYSE:VIPS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,561,966 shares of the technology company’s stock, valued at approximately $27,631,000.

A number of other institutional investors have also added to or reduced their stakes in VIPS. Invesco Ltd. increased its holdings in Vipshop by 87.2% during the third quarter. Invesco Ltd. now owns 16,715,656 shares of the technology company’s stock worth $328,295,000 after buying an additional 7,785,027 shares during the last quarter. Krane Funds Advisors LLC increased its holdings in Vipshop by 24.9% during the third quarter. Krane Funds Advisors LLC now owns 17,185,535 shares of the technology company’s stock worth $320,424,000 after buying an additional 3,426,079 shares during the last quarter. Packer & Co Ltd acquired a new position in Vipshop during the fourth quarter worth $27,406,000. Goldman Sachs Group Inc. increased its holdings in Vipshop by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock worth $77,326,000 after buying an additional 1,126,983 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Vipshop during the second quarter worth $14,526,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group set a $18.50 price objective on shares of Vipshop and gave the company a “buy” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Jefferies Financial Group reiterated a “buy” rating on shares of Vipshop in a report on Thursday, February 26th. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Friday, February 27th. Finally, Benchmark reiterated a “hold” rating on shares of Vipshop in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Vipshop presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.20.

Vipshop Stock Down 0.8%

VIPS opened at $13.59 on Wednesday. Vipshop Holdings Limited has a twelve month low of $13.44 and a twelve month high of $21.08. The company has a 50-day simple moving average of $14.61 and a 200 day simple moving average of $16.71. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 6.38, a P/E/G ratio of 1.38 and a beta of 0.64.

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.