Loomis Sayles & Co. L P Has $1.11 Million Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Loomis Sayles & Co. L P lifted its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 9.8% during the third quarter, Holdings Channel reports. The firm owned 70,396 shares of the technology company’s stock after purchasing an additional 6,278 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Vipshop were worth $1,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Atomi Financial Group Inc. raised its position in shares of Vipshop by 6.8% during the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after purchasing an additional 702 shares during the period. Signaturefd LLC raised its position in Vipshop by 5.1% during the third quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock valued at $263,000 after buying an additional 817 shares during the period. Asset Management One Co. Ltd. raised its position in Vipshop by 2.0% during the third quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock valued at $770,000 after buying an additional 954 shares during the period. Harvest Fund Management Co. Ltd raised its position in Vipshop by 0.7% during the third quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock valued at $4,691,000 after buying an additional 2,055 shares during the period. Finally, National Pension Service raised its position in Vipshop by 2.0% during the third quarter. National Pension Service now owns 107,152 shares of the technology company’s stock valued at $1,686,000 after buying an additional 2,074 shares during the period. 48.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on VIPS. Citigroup dropped their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. UBS Group lowered Vipshop from a “buy” rating to a “neutral” rating and dropped their price target for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Morgan Stanley dropped their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. StockNews.com lowered Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, CLSA downgraded Vipshop from an “outperform” rating to a “hold” rating and lowered their target price for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $17.50.

Vipshop Price Performance

Shares of NYSE VIPS opened at $13.56 on Thursday. The business’s 50-day moving average price is $14.68 and its two-hundred day moving average price is $14.34. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19. The company has a market capitalization of $7.35 billion, a P/E ratio of 6.49, a price-to-earnings-growth ratio of 1.55 and a beta of 0.34.

Vipshop Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.