North of South Capital LLP Raises Stake in Vipshop Holdings Limited $VIPS

North of South Capital LLP lifted its position in Vipshop Holdings Limited (NYSE:VIPS) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,355,999 shares of the technology company’s stock after acquiring an additional 131,784 shares during the quarter. Vipshop makes up approximately 6.3% of North of South Capital LLP’s portfolio, making the stock its 7th largest position. North of South Capital LLP owned about 0.65% of Vipshop worth $65,912,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VIPS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Vipshop by 12.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 446,034 shares of the technology company’s stock worth $6,994,000 after purchasing an additional 49,632 shares during the last quarter. Millennium Management LLC lifted its position in shares of Vipshop by 33.3% during the 1st quarter. Millennium Management LLC now owns 1,386,985 shares of the technology company’s stock worth $21,748,000 after buying an additional 346,374 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Vipshop by 29.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock worth $77,326,000 after buying an additional 1,126,983 shares during the last quarter. Strs Ohio purchased a new position in shares of Vipshop in the 1st quarter worth approximately $399,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Vipshop in the second quarter valued at approximately $1,825,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

Shares of NYSE VIPS opened at $18.37 on Friday. The stock has a market capitalization of $9.42 billion, a PE ratio of 9.67, a P/E/G ratio of 1.51 and a beta of 0.72. Vipshop Holdings Limited has a one year low of $12.14 and a one year high of $21.08. The business’s fifty day moving average price is $19.14 and its 200-day moving average price is $17.79.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VIPS. Jefferies Financial Group reiterated a “buy” rating and set a $22.60 price target on shares of Vipshop in a report on Tuesday, December 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vipshop in a research note on Monday, December 29th. Benchmark reissued a “hold” rating on shares of Vipshop in a report on Friday, November 21st. JPMorgan Chase & Co. raised their price objective on shares of Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Finally, Zacks Research lowered shares of Vipshop from a “hold” rating to a “strong sell” rating in a research report on Monday, December 22nd. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Vipshop has an average rating of “Hold” and an average price target of $20.38.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.