Ritholtz Wealth Management Acquires 3,469 Shares of Vipshop Holdings Limited $VIPS

Ritholtz Wealth Management grew its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 133,069 shares of the technology company’s stock after purchasing an additional 3,469 shares during the quarter. Ritholtz Wealth Management’s holdings in Vipshop were worth $2,003,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VIPS. Wayfinding Financial LLC bought a new position in shares of Vipshop in the 1st quarter valued at about $35,000. Farther Finance Advisors LLC boosted its stake in shares of Vipshop by 209.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock valued at $38,000 after purchasing an additional 1,726 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of Vipshop by 1,695.2% in the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company’s stock valued at $41,000 after purchasing an additional 2,475 shares during the last quarter. Atlas Capital Advisors Inc. boosted its stake in shares of Vipshop by 41.5% in the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock valued at $56,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Vipshop in the 1st quarter valued at about $86,000. Institutional investors own 48.82% of the company’s stock.

Vipshop Stock Performance

Shares of VIPS stock opened at $18.84 on Friday. The company has a market capitalization of $9.66 billion, a P/E ratio of 10.24, a price-to-earnings-growth ratio of 2.08 and a beta of 0.71. The company’s 50 day moving average price is $17.99 and its two-hundred day moving average price is $15.69. Vipshop Holdings Limited has a 52 week low of $12.14 and a 52 week high of $21.08.

Analyst Ratings Changes

A number of brokerages recently weighed in on VIPS. Citigroup increased their price target on shares of Vipshop from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vipshop in a research report on Wednesday, October 8th. Bank of America cut their price target on shares of Vipshop from $17.80 to $17.30 and set a “buy” rating on the stock in a research report on Friday, July 18th. Zacks Research downgraded shares of Vipshop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Finally, Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.33.

Vipshop Company 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.