Dumac Inc. acquired a new position in Vipshop Holdings Limited (NYSE:VIPS) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 63,000 shares of the company’s stock, valued at approximately $694,000. Vipshop Holdings Limited comprises 1.7% of Dumac Inc.’s portfolio, making the stock its 19th largest position.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Oxford Asset Management purchased a new stake in Vipshop Holdings Limited during the fourth quarter worth about $112,000. Tdam USA Inc. purchased a new stake in Vipshop Holdings Limited during the third quarter worth about $149,000. Smith Asset Management Group LP purchased a new stake in Vipshop Holdings Limited during the third quarter worth about $214,000. Creative Planning increased its stake in 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 last quarter. Finally, Sei Investments Co. increased its stake in Vipshop Holdings Limited by 78.6% in the third quarter. Sei Investments Co. now owns 16,553 shares of the company’s stock worth $243,000 after buying an additional 7,285 shares during the last quarter. 77.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of Vipshop Holdings Limited (NYSE:VIPS) traded up 1.14% during midday trading on Tuesday, hitting $12.43. The company’s stock had a trading volume of 5,714,027 shares. The firm has a 50-day moving average of $11.30 and a 200 day moving average of $13.12. Vipshop Holdings Limited has a 12-month low of $10.21 and a 12-month high of $17.41. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 28.64 and a beta of 1.64.
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A number of equities analysts have recently commented on VIPS shares. Zacks Investment Research upgraded Vipshop Holdings Limited from a “sell” rating to a “hold” rating in a report on Friday, December 9th. Nomura set a $16.00 target price on Vipshop Holdings Limited and gave the stock a “buy” rating in a report on Thursday, November 24th. TheStreet cut Vipshop Holdings Limited from a “buy” rating to a “hold” rating in a report on Thursday, December 22nd. Jefferies Group LLC set a $20.00 target price on Vipshop Holdings Limited and gave the stock a “buy” rating in a report on Tuesday, November 22nd. Finally, Brean Capital reiterated a “buy” rating on shares of Vipshop Holdings Limited in a report on Tuesday, December 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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.
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