Ping Capital Management Inc. Buys New Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Ping Capital Management Inc. purchased a new position in shares of Vipshop Holdings Limited (NYSE:VIPS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 40,000 shares of the technology company’s stock, valued at approximately $539,000.

A number of other hedge funds also recently made changes to their positions in VIPS. Caas Capital Management LP acquired a new stake in Vipshop during the fourth quarter valued at approximately $1,327,000. abrdn plc boosted its stake in Vipshop by 4.4% in the 4th quarter. abrdn plc now owns 723,339 shares of the technology company’s stock valued at $9,610,000 after buying an additional 30,403 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Vipshop by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company’s stock valued at $149,619,000 after acquiring an additional 139,320 shares during the period. Mount Yale Investment Advisors LLC raised its stake in Vipshop by 24.0% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 19,573 shares of the technology company’s stock worth $264,000 after acquiring an additional 3,782 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Vipshop by 17.5% during the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock valued at $134,000 after acquiring an additional 1,487 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Vipshop Stock Performance

VIPS stock opened at $14.85 on Wednesday. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The stock’s 50 day simple moving average is $13.65 and its 200 day simple moving average is $13.85. The company has a market cap of $7.62 billion, a P/E ratio of 7.10, a price-to-earnings-growth ratio of 1.50 and a beta of 0.30.

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.