Davis Selected Advisers Acquires 685,981 Shares of Vipshop Holdings Limited (VIPS)

Davis Selected Advisers raised its stake in Vipshop Holdings Limited (NYSE:VIPS) by 25.6% during the fourth quarter, Holdings Channel reports. The firm owned 3,369,423 shares of the company’s stock after buying an additional 685,981 shares during the period. Davis Selected Advisers owned about 0.58% of Vipshop Holdings Limited worth $37,097,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. AMP Capital Investors Ltd increased its stake in shares of Vipshop Holdings Limited by 1.1% in the third quarter. AMP Capital Investors Ltd now owns 89,000 shares of the company’s stock worth $1,322,000 after buying an additional 1,000 shares during the last quarter. DIAM Co. Ltd. boosted its position in shares of Vipshop Holdings Limited by 3.5% in the third quarter. DIAM Co. Ltd. now owns 35,514 shares of the company’s stock worth $527,000 after buying an additional 1,214 shares during the period. DnB Asset Management AS boosted its position in shares of Vipshop Holdings Limited by 6.9% in the third quarter. DnB Asset Management AS now owns 31,010 shares of the company’s stock worth $455,000 after buying an additional 2,000 shares during the period. Penserra Capital Management LLC boosted its position in shares of Vipshop Holdings Limited by 6.0% in the third quarter. Penserra Capital Management LLC now owns 52,730 shares of the company’s stock worth $772,000 after buying an additional 2,984 shares during the period. Finally, Creative Planning boosted its position in shares of Vipshop Holdings Limited by 25.4% in the third quarter. Creative Planning now owns 15,150 shares of the company’s stock worth $222,000 after buying an additional 3,070 shares during the period. Institutional investors and hedge funds own 77.07% of the company’s stock.

Institutional Ownership by Quarter for Vipshop Holdings Limited (NYSE:VIPS)

Shares of Vipshop Holdings Limited (NYSE:VIPS) traded up 1.14% during trading on Tuesday, hitting $12.43. 5,714,027 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $11.30 and its 200 day moving average is $13.12. Vipshop Holdings Limited has a 1-year low of $10.21 and a 1-year high of $17.41. The firm has a market capitalization of $7.23 billion, a PE ratio of 28.64 and a beta of 1.64.

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A number of brokerages have issued reports on VIPS. Zacks Investment Research cut shares of Vipshop Holdings Limited from a “hold” rating to a “sell” rating in a report on Wednesday, October 19th. Deutsche Bank AG raised shares of Vipshop Holdings Limited from a “hold” rating to a “buy” rating in a report on Thursday, November 10th. Nomura set a $16.00 target price on shares of Vipshop Holdings Limited and gave the company a “buy” rating in a report on Thursday, November 24th. Jefferies Group LLC set a $20.00 target price on shares of Vipshop Holdings Limited and gave the company a “buy” rating in a report on Tuesday, November 22nd. Finally, Brean Capital reaffirmed a “buy” rating on shares of Vipshop Holdings Limited in a report on Tuesday, December 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $14.56.

About Vipshop Holdings Limited

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

5 Day Chart for NYSE:VIPS

Want to see what other hedge funds are holding VIPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vipshop Holdings Limited (NYSE:VIPS).

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