BRIGHT VALLEY CAPITAL Ltd Takes $5.23 Million Position in Vipshop Holdings Limited $VIPS

BRIGHT VALLEY CAPITAL Ltd bought a new stake in Vipshop Holdings Limited (NYSE:VIPS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 295,789 shares of the technology company’s stock, valued at approximately $5,233,000. Vipshop comprises approximately 1.9% of BRIGHT VALLEY CAPITAL Ltd’s investment portfolio, making the stock its 9th largest position. BRIGHT VALLEY CAPITAL Ltd owned about 0.06% of Vipshop at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Richardson Financial Services Inc. raised its position in Vipshop by 153.8% in the fourth quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,250 shares during the period. Cooper Investors PTY Ltd. bought a new stake in Vipshop in the fourth quarter worth about $58,000. Huntington National Bank raised its position in Vipshop by 36.3% in the third quarter. Huntington National Bank now owns 4,530 shares of the technology company’s stock worth $89,000 after acquiring an additional 1,207 shares during the period. Global Retirement Partners LLC raised its position in Vipshop by 104.3% in the fourth quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock worth $106,000 after acquiring an additional 3,050 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Vipshop by 229.1% in the fourth quarter. Farther Finance Advisors LLC now owns 8,648 shares of the technology company’s stock worth $153,000 after acquiring an additional 6,020 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VIPS. UBS Group set a $18.50 price objective on shares of Vipshop and gave the stock a “buy” rating in a research report on Friday, May 22nd. Nomura raised shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Friday, February 27th. JPMorgan Chase & Co. lowered their price objective on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Weiss Ratings lowered shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.20.

Vipshop Stock Up 1.5%

VIPS opened at $13.91 on Friday. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 6.53, a PEG ratio of 1.38 and a beta of 0.64. The firm has a 50-day moving average price of $14.53 and a 200-day moving average price of $16.64. Vipshop Holdings Limited has a twelve month low of $13.44 and a twelve month high of $21.08.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.