Today, Nationwide Fund Advisors Raises its position in Vipshop Holdings Ltd. (VIPS) as a favorable investment target.

Today, Nationwide Fund Advisors Raises its position in Vipshop Holdings Ltd. (VIPS) as a favorable investment target.
Nationwide Fund Advisors increased its position in shares of Vipshop Holdings Ltd. (NYSE:VIPS) by 4.8% during the third quarter, Holdings Channel reports. The institutional investor owned 112,177 shares of the company’s stock after buying an additional 5,148 shares during the period. Nationwide Fund Advisors’ holdings in Vipshop Holdings were worth $1,646,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Columbia Wanger Asset Management LLC bought a new stake in Vipshop Holdings during the second quarter worth about $38,992,000. FMR LLC boosted its stake in Vipshop Holdings by 15.0% in the second quarter. FMR LLC now owns 23,727,700 shares of the company’s stock valued at $265,039,000 after buying an additional 3,094,400 shares during the last quarter. Comgest Global Investors S.A.S. boosted its stake in Vipshop Holdings by 49.6% in the second quarter. Comgest Global Investors S.A.S. now owns 8,712,703 shares of the company’s stock valued at $97,321,000 after buying an additional 2,887,900 shares during the last quarter. FIL Ltd boosted its stake in Vipshop Holdings by 35.3% in the second quarter. FIL Ltd now owns 10,425,936 shares of the company’s stock valued at $116,458,000 after buying an additional 2,719,909 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Vipshop Holdings by 101.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,797,043 shares of the company’s stock valued at $53,583,000 after buying an additional 2,417,400 shares during the last quarter. 76.27% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Holdings Ltd. (NYSE:VIPS) traded down 2.50% during midday trading on Friday, reaching $12.07. 3,415,076 shares of the company’s stock traded hands. The firm’s 50-day moving average is $13.66 and its 200 day moving average is $13.28. Vipshop Holdings Ltd. has a 52-week low of $10.21 and a 52-week high of $17.53. The firm has a market cap of $7.02 billion, a PE ratio of 27.49 and a beta of 1.83.

Several equities research analysts have weighed in on VIPS shares. Jefferies Group restated a “buy” rating and set a $16.00 target price on shares of Vipshop Holdings in a research note on Tuesday, August 16th. Bank of America Corp. raised shares of Vipshop Holdings from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 16th. Stifel Nicolaus increased their price objective on shares of Vipshop Holdings from $18.00 to $21.50 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. TheStreet raised shares of Vipshop Holdings to a “buy” rating in a research report on Friday, August 12th. Finally, Nomura increased their price objective on shares of Vipshop Holdings from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $15.02.

About Vipshop Holdings

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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