Handelsbanken Fonder AB Increases Stock Holdings in Vipshop Holdings Limited $VIPS

Handelsbanken Fonder AB increased its stake in Vipshop Holdings Limited (NYSE:VIPS) by 16.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 322,995 shares of the technology company’s stock after acquiring an additional 46,150 shares during the quarter. Handelsbanken Fonder AB’s holdings in Vipshop were worth $4,283,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in VIPS. Arax Advisory Partners lifted its holdings in Vipshop by 96.8% during the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after purchasing an additional 692 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Vipshop by 8,472.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock worth $38,000 after purchasing an additional 2,118 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Vipshop by 100.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,864 shares during the last quarter. State of Wyoming boosted its stake in shares of Vipshop by 10,007.7% in the first quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock worth $103,000 after acquiring an additional 6,505 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Vipshop by 104.3% during the fourth quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock worth $106,000 after buying an additional 3,050 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Stock Down 0.1%

Shares of NYSE:VIPS opened at $14.14 on Friday. Vipshop Holdings Limited has a 52 week low of $12.65 and a 52 week high of $21.08. The company has a 50-day moving average price of $14.15 and a 200 day moving average price of $15.15. The company has a market cap of $6.77 billion, a P/E ratio of 6.64, a PEG ratio of 1.42 and a beta of 0.67.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VIPS shares. Weiss Ratings downgraded shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. UBS Group set a $18.50 target price on shares of Vipshop and gave the company a “buy” rating in a report on Friday, May 22nd. Wall Street Zen cut Vipshop from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Finally, Benchmark reaffirmed 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 given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.02.

Vipshop 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.