Geode Capital Management LLC Acquires 176,037 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Geode Capital Management LLC grew its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 5.7% in the third quarter, Holdings Channel reports. The firm owned 3,256,744 shares of the technology company’s stock after acquiring an additional 176,037 shares during the period. Geode Capital Management LLC’s holdings in Vipshop were worth $50,937,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Lingohr Asset Management GmbH purchased a new stake in Vipshop in the 3rd quarter valued at about $921,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Vipshop by 76.6% in the second 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Vipshop by 179.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock worth $62,670,000 after purchasing an additional 2,558,896 shares in the last quarter. FMR LLC increased its holdings in Vipshop by 8.5% during the 3rd quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock worth $32,579,000 after purchasing an additional 162,027 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in Vipshop by 30.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,379,114 shares of the technology company’s stock worth $43,996,000 after purchasing an additional 780,443 shares during the period. 48.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VIPS. Citigroup dropped their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Barclays started coverage on shares of Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price on the stock. StockNews.com lowered shares of Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Vipshop has a consensus rating of “Hold” and an average price target of $17.50.

Vipshop Trading Up 1.7 %

NYSE VIPS opened at $13.58 on Monday. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $20.19. The firm’s fifty day simple moving average is $13.99 and its two-hundred day simple moving average is $14.01. The firm has a market capitalization of $6.97 billion, a P/E ratio of 6.50, a P/E/G ratio of 1.56 and a beta of 0.31.

Vipshop 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.