Polymer Capital Management HK LTD Has $16.49 Million Stake in Vipshop Holdings Limited $VIPS

Polymer Capital Management HK LTD grew its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 59.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 932,407 shares of the technology company’s stock after acquiring an additional 347,307 shares during the quarter. Vipshop comprises 2.3% of Polymer Capital Management HK LTD’s investment portfolio, making the stock its 10th largest position. Polymer Capital Management HK LTD owned about 0.18% of Vipshop worth $16,494,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Mariner LLC grew its stake in shares of Vipshop by 3.2% in the 3rd quarter. Mariner LLC now owns 18,308 shares of the technology company’s stock worth $360,000 after buying an additional 561 shares during the last quarter. D Orazio & Associates Inc. grew its stake in shares of Vipshop by 4.3% in the 3rd quarter. D Orazio & Associates Inc. now owns 15,119 shares of the technology company’s stock worth $297,000 after buying an additional 618 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Vipshop by 0.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 126,881 shares of the technology company’s stock worth $2,492,000 after buying an additional 787 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Vipshop by 1.5% in the 4th quarter. Loomis Sayles & Co. L P now owns 63,826 shares of the technology company’s stock worth $1,129,000 after buying an additional 949 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich grew its stake in shares of Vipshop by 0.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 147,719 shares of the technology company’s stock worth $2,613,000 after buying an additional 966 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

Analysts Set New Price Targets

VIPS has been the topic of several recent research reports. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. Nomura upgraded Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Friday, February 27th. JPMorgan Chase & Co. cut their price target on Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Weiss Ratings downgraded Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, UBS Group set a $18.50 price objective on Vipshop and gave the company a “buy” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.20.

Vipshop Trading Up 0.2%

VIPS stock opened at $13.92 on Friday. The stock has a market capitalization of $6.67 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 1.40 and a beta of 0.64. Vipshop Holdings Limited has a 12-month low of $13.44 and a 12-month high of $21.08. The stock’s 50 day simple moving average is $14.51 and its 200 day simple moving average is $16.62.

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.