Lester Murray Antman dba SimplyRich Has $2.04 Million Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Lester Murray Antman dba SimplyRich boosted its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,159 shares of the technology company’s stock after purchasing an additional 1,526 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in Vipshop were worth $2,036,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hhlr Advisors LTD. boosted its holdings in Vipshop by 6.2% during the third quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock worth $247,281,000 after purchasing an additional 914,322 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Vipshop by 1.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company’s stock worth $149,619,000 after buying an additional 139,320 shares in the last quarter. First Beijing Investment Ltd acquired a new position in shares of Vipshop during the 3rd quarter worth about $120,182,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Vipshop by 7.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,828,506 shares of the technology company’s stock valued at $75,952,000 after acquiring an additional 333,989 shares in the last quarter. Finally, Polaris Capital Management LLC acquired a new stake in shares of Vipshop in the fourth quarter valued at about $63,095,000. Institutional investors and hedge funds own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Barclays began coverage on shares of Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target for the company. Citigroup lowered their price objective 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. Finally, StockNews.com downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday. 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.com, Vipshop presently has a consensus rating of “Hold” and an average target price of $17.50.

Vipshop Trading Down 1.4 %

NYSE:VIPS opened at $15.08 on Wednesday. The stock has a market cap of $7.74 billion, a P/E ratio of 7.22, a PEG ratio of 1.59 and a beta of 0.30. The stock has a 50 day simple moving average of $13.78 and a 200 day simple moving average of $13.91. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19.

About Vipshop

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.