Sei Investments Co. Has $17.90 Million Position in Vipshop Holdings Limited $VIPS

Sei Investments Co. lessened its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 3.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,138,795 shares of the technology company’s stock after selling 45,153 shares during the period. Sei Investments Co. owned 0.24% of Vipshop worth $17,902,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Arax Advisory Partners lifted 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 worth $25,000 after buying an additional 692 shares in the last quarter. Richardson Financial Services Inc. increased its position in Vipshop by 153.8% in the 4th quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,250 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 during the last quarter. State of Wyoming raised its stake in shares of Vipshop by 10,007.7% in the first quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock worth $103,000 after acquiring an additional 6,505 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position 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 purchasing an additional 3,050 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VIPS. Bank of America reiterated an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. UBS Group set a $18.50 price target on Vipshop and gave the company a “buy” rating in a research note on Friday, May 22nd. Benchmark reiterated a “hold” rating on shares of Vipshop in a report on Friday, May 22nd. Weiss Ratings lowered Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen raised Vipshop from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Vipshop has a consensus rating of “Moderate Buy” and an average target price of $20.68.

Vipshop Stock Performance

Shares of VIPS stock opened at $15.11 on Thursday. The firm’s 50 day moving average price is $13.95 and its two-hundred day moving average price is $15.35. Vipshop Holdings Limited has a 52-week low of $12.65 and a 52-week high of $21.08. The stock has a market cap of $7.24 billion, a PE ratio of 7.09, a PEG ratio of 1.49 and a beta of 0.67.

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.