Pictet Asset Management Ltd. raised its position in Vipshop Holdings Limited (NYSE:VIPS) by 553.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,896,476 shares of the technology company’s stock after acquiring an additional 3,300,586 shares during the period. Pictet Asset Management Ltd. owned approximately 0.66% of Vipshop Holdings Limited worth $34,250,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of VIPS. Murphy Capital Management Inc. purchased a new position in shares of Vipshop Holdings Limited during the second quarter worth $111,000. 1st Global Advisors Inc. raised its holdings in shares of Vipshop Holdings Limited by 1.5% during the second quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock worth $113,000 after purchasing an additional 160 shares during the last quarter. FNY Partners Fund LP raised its holdings in shares of Vipshop Holdings Limited by 71.9% during the second quarter. FNY Partners Fund LP now owns 11,000 shares of the technology company’s stock worth $116,000 after purchasing an additional 4,600 shares during the last quarter. OLD National Bancorp IN increased its holdings in Vipshop Holdings Limited by 1.1% in the second quarter. OLD National Bancorp IN now owns 11,396 shares of the technology company’s stock valued at $120,000 after buying an additional 128 shares in the last quarter. Finally, BB&T Securities LLC purchased a new position in Vipshop Holdings Limited in the second quarter valued at $138,000. 57.49% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on VIPS. UBS AG began coverage on shares of Vipshop Holdings Limited in a research report on Monday, October 30th. They set a “neutral” rating and a $9.00 price target on the stock. Zacks Investment Research lowered shares of Vipshop Holdings Limited from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub lowered shares of Vipshop Holdings Limited from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 10th. KeyCorp set a $13.00 target price on shares of Vipshop Holdings Limited and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, downgraded shares of Vipshop Holdings Limited from a “hold” rating to a “reduce” rating in a research note on Thursday, August 17th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Vipshop Holdings Limited presently has a consensus rating of “Hold” and an average price target of $13.57.
Shares of Vipshop Holdings Limited (NYSE:VIPS) traded up $0.89 during trading hours on Friday, reaching $9.78. 20,500,000 shares of the company were exchanged, compared to its average volume of 6,580,000. The firm has a market cap of $6,360.00, a PE ratio of 13.75 and a beta of 2.06. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.77 and a current ratio of 1.05. Vipshop Holdings Limited has a 12-month low of $7.79 and a 12-month high of $15.49.
Vipshop Holdings Limited Company Profile
Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.
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