KBC Group NV Acquires 14,736 Shares of Vipshop Holdings Limited (NYSE:VIPS)

KBC Group NV increased its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 17.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 101,615 shares of the technology company’s stock after purchasing an additional 14,736 shares during the period. KBC Group NV’s holdings in Vipshop were worth $1,593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Vipshop by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company’s stock valued at $188,060,000 after purchasing an additional 79,254 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Vipshop by 13.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company’s stock valued at $197,010,000 after purchasing an additional 1,456,862 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Vipshop by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,063,150 shares of the technology company’s stock valued at $108,608,000 after purchasing an additional 993,042 shares in the last quarter. Invesco Ltd. grew its position in shares of Vipshop by 28.4% during the 4th quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company’s stock valued at $104,516,000 after purchasing an additional 1,718,159 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Vipshop during the 4th quarter valued at $64,115,000. 48.82% of the stock is owned by institutional investors.

Vipshop Stock Performance

Shares of NYSE:VIPS opened at $14.99 on Friday. The firm has a fifty day moving average of $14.53 and a 200 day moving average of $14.49. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $17.94. The firm has a market capitalization of $7.69 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 2.54 and a beta of 0.58.

Analyst Upgrades and Downgrades

VIPS has been the subject of several research reports. Wall Street Zen lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday, May 29th. Barclays cut their target price on shares of Vipshop from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, May 22nd. Citigroup lowered shares of Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a research report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. cut their target price on shares of Vipshop from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.58.

About Vipshop

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.