Carmignac Gestion Raises Stock Position in Vipshop Holdings Limited $VIPS

Carmignac Gestion increased its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 7.7% during the first quarter, HoldingsChannel.com reports. The fund owned 4,480,529 shares of the technology company’s stock after acquiring an additional 319,375 shares during the period. Vipshop makes up approximately 1.1% of Carmignac Gestion’s holdings, making the stock its 25th largest holding. Carmignac Gestion’s holdings in Vipshop were worth $70,510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Packer & Co Ltd purchased a new position in shares of Vipshop during the fourth quarter worth about $27,406,000. Vanguard Group Inc. raised its stake in Vipshop by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock valued at $179,518,000 after purchasing an additional 149,758 shares in the last quarter. Step Capital Management Pte. Ltd. purchased a new stake in Vipshop in the fourth quarter valued at approximately $2,338,000. LSV Asset Management lifted its position in Vipshop by 7.5% during the fourth quarter. LSV Asset Management now owns 5,939,813 shares of the technology company’s stock valued at $105,075,000 after purchasing an additional 415,000 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Vipshop by 6.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,836,920 shares of the technology company’s stock valued at $32,496,000 after purchasing an additional 104,000 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on VIPS shares. UBS Group set a $18.50 price target on shares of Vipshop and gave the stock a “buy” rating in a report on Friday, May 22nd. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. Weiss Ratings lowered shares of 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 research note on Saturday, July 25th. One investment 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. Based on data from MarketBeat.com, Vipshop has a consensus rating of “Moderate Buy” and an average target price of $20.68.

Vipshop Price Performance

NYSE:VIPS opened at $15.33 on Monday. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 1.54 and a beta of 0.67. The business has a 50 day moving average of $13.99 and a 200 day moving average of $15.31. Vipshop Holdings Limited has a 1-year low of $12.65 and a 1-year high of $21.08.

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.