Caas Capital Management LP Acquires Shares of 98,536 Vipshop Holdings Limited (NYSE:VIPS)

Caas Capital Management LP acquired a new stake in Vipshop Holdings Limited (NYSE:VIPS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 98,536 shares of the technology company’s stock, valued at approximately $1,327,000. Vipshop comprises 0.2% of Caas Capital Management LP’s holdings, making the stock its 25th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. abrdn plc lifted its stake in Vipshop by 4.4% in the fourth 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 during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of 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 purchasing an additional 139,320 shares during the period. Mount Yale Investment Advisors LLC increased its holdings in shares of Vipshop by 24.0% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 19,573 shares of the technology company’s stock valued at $264,000 after purchasing an additional 3,782 shares during the period. Blue Trust Inc. increased its holdings in shares of Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock valued at $134,000 after purchasing an additional 1,487 shares during the period. Finally, Atomi Financial Group Inc. increased its holdings in shares of Vipshop by 10.8% in the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after purchasing an additional 1,191 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Performance

Vipshop stock opened at $13.90 on Tuesday. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 6.65, a price-to-earnings-growth ratio of 1.50 and a beta of 0.30. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The stock’s fifty day moving average is $13.62 and its two-hundred day moving average is $13.85.

Wall Street Analyst Weigh In

VIPS has been the topic of a number of recent research reports. Benchmark reissued a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Barclays assumed coverage on Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective on the stock. Citigroup dropped their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Finally, StockNews.com lowered Vipshop from a “buy” rating to a “hold” rating in a report on Monday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.50.

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.