BNP Paribas Financial Markets Purchases 314,440 Shares of Vipshop Holdings Limited $VIPS

BNP Paribas Financial Markets increased its position in Vipshop Holdings Limited (NYSE:VIPS) by 20.1% during the first quarter, Holdings Channel.com reports. The firm owned 1,877,068 shares of the technology company’s stock after buying an additional 314,440 shares during the quarter. BNP Paribas Financial Markets’ holdings in Vipshop were worth $29,432,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VIPS. Wayfinding Financial LLC acquired a new position in Vipshop during the first quarter worth $35,000. Brooklyn Investment Group raised its holdings in shares of Vipshop by 1,695.2% in the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company’s stock worth $41,000 after acquiring an additional 2,475 shares during the last quarter. Atlas Capital Advisors Inc. raised its holdings in shares of Vipshop by 41.5% in the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock worth $56,000 after acquiring an additional 1,046 shares during the last quarter. Sound Income Strategies LLC bought a new position in Vipshop in the 1st quarter valued at about $62,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Vipshop during the 1st quarter valued at about $86,000. Institutional investors own 48.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Vipshop from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, June 30th. Wall Street Zen cut Vipshop from a “buy” rating to a “hold” rating in a research note on Thursday, May 29th. Zacks Research lowered shares of Vipshop from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Citigroup raised their price target on shares of Vipshop from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 15th. Finally, Bank of America cut their price target on shares of Vipshop from $17.80 to $17.30 and set a “buy” rating on the stock in a report on Friday, July 18th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Vipshop currently has an average rating of “Moderate Buy” and a consensus price target of $18.33.

Vipshop Price Performance

NYSE VIPS opened at $16.77 on Tuesday. The business’s fifty day moving average is $15.76 and its 200-day moving average is $15.08. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 1.88 and a beta of 0.70. Vipshop Holdings Limited has a one year low of $12.14 and a one year high of $17.94.

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.