Vipshop Holdings Limited (NYSE:VIPS) Holdings Raised by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P grew its position in Vipshop Holdings Limited (NYSE:VIPS) by 9.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,396 shares of the technology company’s stock after acquiring an additional 6,278 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Vipshop were worth $1,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. boosted its position in Vipshop by 1,904.0% during the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after purchasing an additional 3,351 shares during the period. Venturi Wealth Management LLC acquired a new position in Vipshop during the 3rd quarter valued at approximately $56,000. Employees Retirement System of Texas boosted its position in Vipshop by 143.2% during the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,717 shares during the period. National Bank of Canada FI acquired a new position in Vipshop during the 2nd quarter valued at approximately $136,000. Finally, Atomi Financial Group Inc. boosted its position in Vipshop by 6.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock valued at $174,000 after purchasing an additional 702 shares during the period. 48.82% of the stock is currently owned by institutional investors.

Vipshop Stock Up 3.2 %

Shares of Vipshop stock opened at $13.56 on Thursday. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 6.49, a price-to-earnings-growth ratio of 1.55 and a beta of 0.34. The business has a fifty day simple moving average of $14.68 and a 200-day simple moving average of $14.34. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $20.19.

Analyst Upgrades and Downgrades

VIPS has been the subject of a number of analyst reports. CLSA lowered Vipshop from an “outperform” rating to a “hold” rating and reduced their price target for the stock from $15.80 to $12.00 in a research report on Wednesday, August 21st. Morgan Stanley reduced their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. UBS Group lowered Vipshop from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. StockNews.com lowered Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Barclays initiated coverage on Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target for the company. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Vipshop has a consensus rating of “Hold” and an average 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.