Charles Schwab Investment Management Inc. Boosts Stake in Vipshop Holdings Limited (NYSE:VIPS)

Charles Schwab Investment Management Inc. grew its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 19.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,748,730 shares of the technology company’s stock after acquiring an additional 290,583 shares during the period. Charles Schwab Investment Management Inc. owned about 0.32% of Vipshop worth $27,508,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VIPS. First Beijing Investment Ltd purchased a new stake in shares of Vipshop in the 3rd quarter worth approximately $120,182,000. Krane Funds Advisors LLC grew its stake in shares of Vipshop by 20.3% in the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock worth $204,901,000 after buying an additional 2,659,117 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Vipshop by 155.0% in the 2nd quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock worth $45,347,000 after buying an additional 2,117,902 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of 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 worth $43,996,000 after buying an additional 780,443 shares during the last quarter. Finally, Marathon Asset Management Ltd grew its stake in shares of Vipshop by 14.9% in the 3rd quarter. Marathon Asset Management Ltd now owns 4,390,922 shares of the technology company’s stock worth $69,069,000 after buying an additional 570,869 shares during the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and cut their target price for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Barclays assumed coverage on Vipshop in a research note on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price on the stock. Citigroup cut their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Finally, Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.50.

Vipshop Price Performance

VIPS stock opened at $13.27 on Thursday. The company has a market cap of $6.81 billion, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 1.57 and a beta of 0.31. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $20.19. The stock’s fifty day moving average price is $14.71 and its 200-day moving average price is $14.23.

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.