Polaris Capital Management LLC Buys New Position in Vipshop Holdings Limited (NYSE:VIPS)

Polaris Capital Management LLC acquired a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,684,100 shares of the technology company’s stock, valued at approximately $63,095,000. Vipshop makes up approximately 3.0% of Polaris Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Polaris Capital Management LLC owned about 0.91% of Vipshop as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Atomi Financial Group Inc. boosted its stake in shares of Vipshop by 6.8% in the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after buying an additional 702 shares during the last quarter. Signaturefd LLC grew its position in shares of Vipshop by 5.1% during the 3rd quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock valued at $263,000 after acquiring an additional 817 shares during the period. Asset Management One Co. Ltd. raised its holdings in Vipshop by 2.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock worth $770,000 after purchasing an additional 954 shares during the period. Blue Trust Inc. lifted its position in shares of Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock valued at $134,000 after buying an additional 1,487 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in Vipshop by 0.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock worth $4,691,000 after acquiring an additional 2,055 shares in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VIPS has been the topic of several recent research reports. Citigroup lowered their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. StockNews.com cut shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. Barclays initiated coverage on Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price on the stock. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Vipshop has an average rating of “Hold” and an average price target of $17.50.

Vipshop Stock Performance

VIPS opened at $15.31 on Tuesday. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 1.59 and a beta of 0.30. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19. The business’s fifty day moving average is $13.76 and its two-hundred day moving average is $13.90.

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.