Ativo Capital Management LLC Purchases 20,855 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Ativo Capital Management LLC increased its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 11.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,693 shares of the technology company’s stock after purchasing an additional 20,855 shares during the quarter. Vipshop accounts for approximately 2.8% of Ativo Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Ativo Capital Management LLC’s holdings in Vipshop were worth $3,188,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of VIPS. Blue Trust Inc. raised its stake in shares of Vipshop by 1,904.0% during the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after buying an additional 3,351 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in Vipshop during the third quarter worth about $56,000. Employees Retirement System of Texas raised its position in Vipshop by 143.2% during the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after acquiring an additional 2,717 shares in the last quarter. National Bank of Canada FI acquired a new position in Vipshop in the second quarter valued at approximately $136,000. Finally, Atomi Financial Group Inc. boosted its position in Vipshop by 6.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after purchasing an additional 702 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VIPS. Citigroup cut their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Morgan Stanley dropped their target price on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. UBS Group lowered Vipshop from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Finally, Barclays assumed coverage on Vipshop in a research note on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price for the company. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.50.

Vipshop Price Performance

Shares of NYSE:VIPS opened at $13.24 on Monday. The business’s 50 day moving average price is $14.66 and its 200-day moving average price is $14.38. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $20.19. The firm has a market capitalization of $7.18 billion, a PE ratio of 6.33, a P/E/G ratio of 1.49 and a beta of 0.34.

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.