Vipshop (VIPS) Sees Large Volume Increase

Vipshop Holdings Ltd – (NYSE:VIPS) shares saw unusually-strong trading volume on Monday . Approximately 80,105,337 shares changed hands during trading, an increase of 1,053% from the previous session’s volume of 6,947,952 shares.The stock last traded at $11.75 and had previously closed at $8.44.

Several analysts have recently commented on VIPS shares. KeyCorp set a $13.00 target price on Vipshop and gave the company a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research upgraded Vipshop from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Wednesday, August 23rd. Daiwa Capital Markets upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Monday. BidaskClub upgraded Vipshop from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Finally, UBS started coverage on Vipshop in a research note on Monday, October 30th. They issued a “neutral” rating and a $9.00 target price for the company. Four analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $12.95.

The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 0.54. The company has a market cap of $4,980.36, a P/E ratio of 14.81 and a beta of 2.10.

A number of hedge funds and other institutional investors have recently made changes to their positions in VIPS. Neuberger Berman Group LLC lifted its position in Vipshop by 3,636.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 5,304,737 shares of the technology company’s stock valued at $46,629,000 after acquiring an additional 5,162,758 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT Ltd lifted its position in Vipshop by 921.0% in the 3rd quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 4,758,700 shares of the technology company’s stock valued at $41,829,000 after acquiring an additional 4,292,600 shares in the last quarter. Commonwealth Bank of Australia lifted its position in Vipshop by 316,672.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,484,500 shares of the technology company’s stock valued at $36,761,000 after acquiring an additional 3,483,400 shares in the last quarter. Pictet Asset Management Ltd. lifted its position in Vipshop by 553.9% in the 3rd quarter. Pictet Asset Management Ltd. now owns 3,896,476 shares of the technology company’s stock valued at $34,250,000 after acquiring an additional 3,300,586 shares in the last quarter. Finally, Prudential PLC lifted its position in Vipshop by 49.2% in the 2nd quarter. Prudential PLC now owns 8,708,200 shares of the technology company’s stock valued at $91,872,000 after acquiring an additional 2,871,600 shares in the last quarter. 53.28% of the stock is currently owned by institutional investors and hedge funds.

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About Vipshop

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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