Prudential PLC Boosts Stake in Vipshop Holdings Limited $VIPS

Prudential PLC grew its stake in Vipshop Holdings Limited (NYSE:VIPS) by 16.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,240,584 shares of the technology company’s stock after buying an additional 170,872 shares during the period. Prudential PLC owned 0.24% of Vipshop worth $21,946,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vise Technologies Inc. increased its stake in shares of Vipshop by 2.4% in the fourth quarter. Vise Technologies Inc. now owns 57,861 shares of the technology company’s stock worth $1,024,000 after acquiring an additional 1,339 shares during the period. Daiwa Securities Group Inc. grew its position in Vipshop by 5.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 44,200 shares of the technology company’s stock valued at $782,000 after buying an additional 2,200 shares during the period. Goldman Sachs Group Inc. grew its position in Vipshop by 22.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,168,350 shares of the technology company’s stock valued at $38,358,000 after buying an additional 395,397 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Vipshop by 2.9% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 378,830 shares of the technology company’s stock valued at $6,702,000 after buying an additional 10,842 shares during the period. Finally, Norges Bank acquired a new stake in Vipshop during the fourth quarter valued at $27,631,000. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Performance

Shares of VIPS stock opened at $13.88 on Friday. The stock has a market capitalization of $6.64 billion, a P/E ratio of 6.51, a price-to-earnings-growth ratio of 1.42 and a beta of 0.64. The company has a 50 day moving average price of $14.76 and a 200 day moving average price of $16.83. Vipshop Holdings Limited has a fifty-two week low of $13.62 and a fifty-two week high of $21.08.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VIPS. Jefferies Financial Group reiterated a “buy” rating on shares of Vipshop in a research report on Thursday, February 26th. Nomura raised shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Friday, February 27th. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. JPMorgan Chase & Co. reduced their target price on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Finally, Bank of America reissued an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Vipshop has an average rating of “Moderate Buy” and a consensus price target of $20.20.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.