Dymon Asia Capital Singapore PTE. LTD. Takes $1.19 Million Position in Vipshop Holdings Limited $VIPS

Dymon Asia Capital Singapore PTE. 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 67,112 shares of the technology company’s stock, valued at approximately $1,187,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Packer & Co Ltd purchased a new stake in Vipshop during the fourth quarter worth about $27,406,000. Step Capital Management Pte. Ltd. purchased a new stake in Vipshop during the fourth quarter worth about $2,338,000. Vanguard Group Inc. increased its holdings in Vipshop by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock worth $179,518,000 after buying an additional 149,758 shares during the last quarter. APG Asset Management N.V. increased its holdings in Vipshop by 141.4% during the third quarter. APG Asset Management N.V. now owns 177,187 shares of the technology company’s stock worth $3,480,000 after buying an additional 103,800 shares during the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Vipshop during the third quarter worth about $4,971,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Up 0.2%

Shares of NYSE:VIPS opened at $13.92 on Friday. The firm has a market capitalization of $6.67 billion, a PE ratio of 6.54, a P/E/G ratio of 1.40 and a beta of 0.64. Vipshop Holdings Limited has a twelve month low of $13.44 and a twelve month high of $21.08. The company has a 50-day moving average price of $14.51 and a two-hundred day moving average price of $16.62.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VIPS. UBS Group set a $18.50 price objective on shares of Vipshop and gave the stock a “buy” rating in a report on Friday, May 22nd. Bank of America restated an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Jefferies Financial Group restated a “buy” rating on shares of Vipshop in a report on Thursday, February 26th. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday, February 27th. Finally, 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 report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $20.20.

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.