Mediolanum International Funds Ltd Takes $802,000 Position in Vipshop Holdings Limited $VIPS

Mediolanum International Funds Ltd acquired a new position in Vipshop Holdings Limited (NYSE:VIPS) in the first quarter, Holdings Channel.com reports. The fund acquired 50,143 shares of the technology company’s stock, valued at approximately $802,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Arax Advisory Partners increased its position in Vipshop by 96.8% during the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after buying an additional 692 shares in the last quarter. Richardson Financial Services Inc. boosted its holdings 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 in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Vipshop by 8,472.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock worth $38,000 after acquiring an additional 2,118 shares in the last quarter. Cooper Investors PTY Ltd. purchased a new stake in shares of Vipshop during the fourth quarter worth about $58,000. Finally, Global Retirement Partners LLC grew its stake in shares of Vipshop by 104.3% during 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 last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on VIPS shares. JPMorgan Chase & Co. decreased their price objective on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Bank of America reissued an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Weiss Ratings lowered shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Vipshop presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.68.

Vipshop Stock Performance

NYSE VIPS opened at $14.69 on Wednesday. The firm has a market capitalization of $7.03 billion, a P/E ratio of 6.90, a PEG ratio of 1.47 and a beta of 0.67. The stock has a 50-day simple moving average of $13.90 and a two-hundred day simple moving average of $15.48. Vipshop Holdings Limited has a fifty-two week low of $12.65 and a fifty-two week high of $21.08.

Vipshop Company 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.