98,536 Shares in Vipshop Holdings Limited (NYSE:VIPS) Acquired by Caas Capital Management LP

Caas Capital Management LP purchased a new position in Vipshop Holdings Limited (NYSE:VIPS) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 98,536 shares of the technology company’s stock, valued at approximately $1,327,000. Vipshop accounts for approximately 0.2% of Caas Capital Management LP’s holdings, making the stock its 25th biggest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Beijing Investment Ltd purchased a new position in shares of Vipshop during the 3rd quarter valued at approximately $120,182,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Vipshop by 179.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock valued at $62,670,000 after buying an additional 2,558,896 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Vipshop during the 3rd quarter valued at approximately $14,938,000. Hhlr Advisors LTD. lifted its position in shares of Vipshop by 6.2% during the 3rd quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock valued at $247,281,000 after buying an additional 914,322 shares in the last quarter. Finally, Marathon Asset Management Ltd lifted its position in shares of Vipshop by 14.9% during the 3rd quarter. Marathon Asset Management Ltd now owns 4,390,922 shares of the technology company’s stock valued at $69,069,000 after buying an additional 570,869 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Down 3.3 %

NYSE VIPS opened at $13.90 on Tuesday. The business’s fifty day simple moving average is $13.62 and its 200-day simple moving average is $13.85. The firm has a market cap of $7.13 billion, a PE ratio of 6.65, a P/E/G ratio of 1.50 and a beta of 0.30. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $20.19.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on VIPS shares. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Citigroup decreased their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Barclays assumed coverage on Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective on the stock. Finally, StockNews.com lowered Vipshop from a “buy” rating to a “hold” rating in a report on Monday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.50.

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.