Sankala Group LLC Buys New Shares in Vipshop Holdings Limited $VIPS

Sankala Group LLC purchased a new position in shares of Vipshop Holdings Limited (NYSE:VIPS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 48,147 shares of the technology company’s stock, valued at approximately $839,000. Vipshop makes up about 0.7% of Sankala Group LLC’s holdings, making the stock its 28th biggest position.

A number of other large investors also recently modified their holdings of the business. FIL Ltd increased its position in shares of Vipshop by 2.6% in the fourth quarter. FIL Ltd now owns 18,891,105 shares of the technology company’s stock valued at $334,184,000 after acquiring an additional 483,842 shares during the last quarter. Krane Funds Advisors LLC grew its stake in Vipshop by 24.9% in the third quarter. Krane Funds Advisors LLC now owns 17,185,535 shares of the technology company’s stock valued at $320,424,000 after purchasing an additional 3,426,079 shares in the last quarter. Invesco Ltd. grew its stake in Vipshop by 0.9% in the fourth quarter. Invesco Ltd. now owns 16,864,626 shares of the technology company’s stock valued at $298,335,000 after purchasing an additional 148,970 shares in the last quarter. Orbis Allan Gray Ltd increased its position in shares of Vipshop by 12.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock worth $191,316,000 after purchasing an additional 1,227,325 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Vipshop by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock worth $179,518,000 after purchasing an additional 149,758 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on VIPS shares. Bank of America reissued an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Friday, February 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Vipshop in a research report on Thursday, February 26th. UBS Group set a $18.50 price target on shares of Vipshop and gave the company a “buy” rating in a research note on Friday, May 22nd. Finally, Weiss Ratings lowered shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. One equities research 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’s stock. According to data from MarketBeat.com, Vipshop has an average rating of “Moderate Buy” and a consensus target price of $20.20.

Vipshop Trading Up 0.3%

Shares of NYSE VIPS opened at $13.37 on Friday. The company has a market capitalization of $6.40 billion, a P/E ratio of 6.28, a P/E/G ratio of 1.34 and a beta of 0.64. Vipshop Holdings Limited has a 12 month low of $13.27 and a 12 month high of $21.08. The stock has a 50 day moving average of $14.35 and a 200-day moving average of $16.41.

Vipshop Profile

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.