Vipshop Holdings Limited (NYSE:VIPS) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its stake in Vipshop Holdings Limited (NYSE:VIPS) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,828,506 shares of the technology company’s stock after purchasing an additional 333,989 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Vipshop were worth $75,952,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Zurich Insurance Group Ltd FI purchased a new stake in Vipshop during the 1st quarter worth approximately $1,211,000. Swedbank AB purchased a new stake in shares of Vipshop during the first quarter worth approximately $19,185,000. Lingohr Asset Management GmbH purchased a new stake in shares of Vipshop during the third quarter worth approximately $921,000. The Manufacturers Life Insurance Company raised its stake in Vipshop by 76.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 73,369 shares of the technology company’s stock valued at $955,000 after purchasing an additional 31,816 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Vipshop by 30.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,379,114 shares of the technology company’s stock valued at $43,996,000 after purchasing an additional 780,443 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

Vipshop stock opened at $13.24 on Monday. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 6.33, a price-to-earnings-growth ratio of 1.49 and a beta of 0.34. The firm has a 50 day simple moving average of $14.66 and a 200-day simple moving average of $14.38. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VIPS shares. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Morgan Stanley dropped their price objective on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. Citigroup decreased 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. Barclays began coverage on Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target for the company. Finally, UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Vipshop has a consensus rating of “Hold” and a consensus 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.