Raiffeisen Bank International AG Has $913,000 Stock Holdings in Vipshop Holdings Limited $VIPS

Raiffeisen Bank International AG lifted its position in Vipshop Holdings Limited (NYSE:VIPS) by 132.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 61,595 shares of the technology company’s stock after purchasing an additional 35,100 shares during the quarter. Raiffeisen Bank International AG’s holdings in Vipshop were worth $913,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its position in Vipshop by 17.4% in the first quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company’s stock valued at $262,757,000 after buying an additional 2,483,294 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Vipshop by 6,092.5% in the second quarter. SG Americas Securities LLC now owns 1,926,991 shares of the technology company’s stock valued at $29,001,000 after acquiring an additional 1,895,873 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Vipshop by 12,654.0% in the 1st quarter. National Bank of Canada FI now owns 1,151,563 shares of the technology company’s stock worth $18,056,000 after acquiring an additional 1,142,534 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Vipshop by 29.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock worth $77,326,000 after acquiring an additional 1,126,983 shares during the last quarter. Finally, Orbis Allan Gray Ltd increased its holdings in Vipshop by 18.3% during the 1st quarter. Orbis Allan Gray Ltd now owns 7,009,180 shares of the technology company’s stock valued at $109,904,000 after purchasing an additional 1,084,345 shares in the last quarter. 48.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

VIPS has been the topic of a number of recent analyst reports. Zacks Research lowered Vipshop from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vipshop in a report on Thursday, November 13th. Citigroup increased their price objective on shares of Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Finally, Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Vipshop has a consensus rating of “Hold” and a consensus price target of $18.33.

Vipshop Stock Up 0.1%

Vipshop stock opened at $19.63 on Wednesday. The business’s 50-day simple moving average is $18.90 and its 200 day simple moving average is $16.62. The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 2.11 and a beta of 0.83. Vipshop Holdings Limited has a 12-month low of $12.14 and a 12-month high of $21.08.

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.