40,000 Shares in Vipshop Holdings Limited (NYSE:VIPS) Purchased by Ping Capital Management Inc.

Ping Capital Management Inc. bought a new position in Vipshop Holdings Limited (NYSE:VIPS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 40,000 shares of the technology company’s stock, valued at approximately $539,000.

A number of other institutional investors have also recently bought and sold shares of VIPS. The Manufacturers Life Insurance Company increased its holdings in shares of Vipshop by 76.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 73,369 shares of the technology company’s stock worth $955,000 after buying an additional 31,816 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Vipshop during the second quarter valued at about $1,036,000. Atomi Financial Group Inc. increased its stake in Vipshop by 6.8% during the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after acquiring an additional 702 shares during the last quarter. Creative Planning raised its holdings in shares of Vipshop by 16.9% in the 3rd quarter. Creative Planning now owns 107,026 shares of the technology company’s stock worth $1,684,000 after purchasing an additional 15,477 shares during the period. Finally, Marathon Asset Management Ltd lifted its stake in shares of Vipshop by 14.9% in 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 purchasing an additional 570,869 shares in the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Price Performance

Vipshop stock opened at $14.85 on Wednesday. The company has a market cap of $7.62 billion, a P/E ratio of 7.10, a price-to-earnings-growth ratio of 1.50 and a beta of 0.30. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The firm’s 50 day simple moving average is $13.65 and its 200-day simple moving average is $13.85.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VIPS. Citigroup lowered their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Barclays started coverage on Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target on the stock. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Finally, StockNews.com downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Monday. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $17.50.

Vipshop Company Profile

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.