Franchise Capital Ltd Makes New $4.67 Million Investment in Vipshop Holdings Limited (NYSE:VIPS)

Franchise Capital Ltd bought a new position in shares of Vipshop Holdings Limited (NYSE:VIPS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 262,898 shares of the technology company’s stock, valued at approximately $4,669,000. Vipshop makes up 1.3% of Franchise Capital Ltd’s portfolio, making the stock its 11th largest position.

Several other institutional investors have also recently made changes to their positions in the stock. Lindbrook Capital LLC increased its stake in Vipshop by 56.4% in the fourth quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company’s stock valued at $35,000 after acquiring an additional 708 shares during the last quarter. Rakuten Securities Inc. bought a new position in shares of Vipshop during the fourth quarter valued at about $36,000. Blue Trust Inc. grew its stake in shares of Vipshop by 243.5% during the fourth quarter. Blue Trust Inc. now owns 3,140 shares of the technology company’s stock valued at $56,000 after buying an additional 2,226 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Vipshop by 65.6% during the fourth quarter. Global Retirement Partners LLC now owns 3,692 shares of the technology company’s stock valued at $66,000 after buying an additional 1,462 shares during the last quarter. Finally, Tucker Asset Management LLC bought a new position in shares of Vipshop during the third quarter valued at about $152,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VIPS. HSBC dropped their target price on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a report on Thursday, March 28th. StockNews.com lowered shares of Vipshop from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Benchmark lowered shares of Vipshop from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, Citigroup lowered their price objective on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.60.

Vipshop Stock Down 4.1 %

VIPS traded down $0.66 during mid-day trading on Thursday, reaching $15.50. 8,364,154 shares of the company traded hands, compared to its average volume of 3,957,125. The stock has a market capitalization of $8.41 billion, a P/E ratio of 7.40 and a beta of 0.39. Vipshop Holdings Limited has a 52-week low of $13.90 and a 52-week high of $20.19. The company’s fifty day moving average price is $16.16 and its 200-day moving average price is $16.51.

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.