Vipshop Holdings Limited (NYSE:VIPS) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its position in Vipshop Holdings Limited (NYSE:VIPS) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,431 shares of the technology company’s stock after acquiring an additional 3,062 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Vipshop were worth $1,202,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Loomis Sayles & Co. L P lifted its stake in Vipshop by 9.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 70,396 shares of the technology company’s stock worth $1,107,000 after purchasing an additional 6,278 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its stake in shares of Vipshop by 0.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock valued at $4,691,000 after purchasing an additional 2,055 shares during the last quarter. Ativo Capital Management LLC boosted its stake in Vipshop by 11.5% during the third quarter. Ativo Capital Management LLC now owns 202,693 shares of the technology company’s stock worth $3,188,000 after buying an additional 20,855 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Vipshop by 15.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 24,500 shares of the technology company’s stock worth $385,000 after purchasing an additional 3,200 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Vipshop by 19.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,748,730 shares of the technology company’s stock valued at $27,508,000 after buying an additional 290,583 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on VIPS shares. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and reduced their price objective for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. Barclays assumed coverage on shares of Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective for the company. Citigroup dropped their price objective on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Morgan Stanley cut their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. Finally, UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Vipshop currently has a consensus rating of “Hold” and an average price target of $17.50.

Vipshop Price Performance

Shares of VIPS stock opened at $13.78 on Thursday. The firm has a market cap of $7.07 billion, a P/E ratio of 6.59, a P/E/G ratio of 1.50 and a beta of 0.31. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19. The firm has a fifty day moving average of $14.47 and a two-hundred day moving average of $14.14.

Vipshop Profile

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.