Quantbot Technologies LP Grows Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Quantbot Technologies LP grew its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 175.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,841 shares of the technology company’s stock after acquiring an additional 54,700 shares during the period. Quantbot Technologies LP’s holdings in Vipshop were worth $1,350,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of VIPS. First Beijing Investment Ltd bought a new position in Vipshop in the 3rd quarter worth $120,182,000. Krane Funds Advisors LLC increased its position in shares of Vipshop by 20.3% during the second quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock valued at $204,901,000 after buying an additional 2,659,117 shares during the period. Hsbc Holdings PLC raised its stake in Vipshop by 155.0% in the second quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock worth $45,347,000 after buying an additional 2,117,902 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Vipshop by 30.0% in the second quarter. Canada Pension Plan Investment Board now owns 3,379,114 shares of the technology company’s stock worth $43,996,000 after buying an additional 780,443 shares during the period. Finally, Marathon Asset Management Ltd boosted its position in Vipshop by 14.9% during the 3rd quarter. Marathon Asset Management Ltd now owns 4,390,922 shares of the technology company’s stock valued at $69,069,000 after acquiring an additional 570,869 shares in the last quarter. 48.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on VIPS. Citigroup lowered their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. CLSA cut shares of Vipshop from an “outperform” rating to a “hold” rating and dropped their target price for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Barclays started coverage on shares of 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 given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.50.

Vipshop Stock Performance

Shares of Vipshop stock opened at $13.81 on Friday. The company has a 50-day simple moving average of $14.71 and a two-hundred day simple moving average of $14.31. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $20.19. The stock has a market capitalization of $7.09 billion, a PE ratio of 6.61, a price-to-earnings-growth ratio of 1.55 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.