Vipshop Hldgs LTD (VIPS) Holding Maintained by Point72 Asia Hong Kong Ltd

August 9, 2018 - By Robert Shackelford

Point72 Asia Hong Kong Ltd increased its stake in Vipshop Hldgs Ltd (VIPS) by 119.73% based on its latest 2018Q1 regulatory filing with the SEC. Point72 Asia Hong Kong Ltd bought 999,422 shares as the company’s stock declined 35.27% with the market. The hedge fund held 1.83M shares of the catalog and specialty distribution company at the end of 2018Q1, valued at $30.48 million, up from 834,754 at the end of the previous reported quarter. Point72 Asia Hong Kong Ltd who had been investing in Vipshop Hldgs Ltd for a number of months, seems to be bullish on the $6.00B market cap company. The stock decreased 1.19% or $0.11 during the last trading session, reaching $9.1. About 4.94M shares traded. Vipshop Holdings Limited (NYSE:VIPS) has declined 10.11% since August 9, 2017 and is downtrending. It has underperformed by 22.68% the S&P500.

More news for Vipshop Holdings Limited (NYSE:VIPS) were recently published by: Seekingalpha.com, which released: “Vipshop Enters A Slower Stage Of Growth” on August 06, 2018. Benzinga.com‘s article titled: “Goldman Sachs Downgrades Vipshop, Says Other Chinese Internet Picks Hold More Upside Potential” and published on July 11, 2018 is yet another important article.

Vipshop Holdings Limited (NYSE:VIPS) Ratings Coverage

Among 8 analysts covering Vipshop (NYSE:VIPS), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Vipshop has $24.0 highest and $20.0 lowest target. $20.26’s average target is 122.64% above currents $9.1 stock price. Vipshop had 9 analyst reports since February 13, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, June 26 by CLSA. The stock of Vipshop Holdings Limited (NYSE:VIPS) has “Buy” rating given on Tuesday, February 13 by KeyBanc Capital Markets. On Wednesday, July 11 the stock rating was downgraded by Goldman Sachs to “Neutral”. The stock of Vipshop Holdings Limited (NYSE:VIPS) earned “Buy” rating by Macquarie Research on Tuesday, February 13. JP Morgan maintained the shares of VIPS in report on Wednesday, February 14 with “Neutral” rating. The firm has “Buy” rating by Benchmark given on Wednesday, February 14. Daiwa Securities downgraded the stock to “Hold” rating in Wednesday, May 16 report. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Wednesday, May 16 report. The firm has “Buy” rating given on Wednesday, February 14 by HSBC.

Vipshop Holdings Limited (NYSE:VIPS) Ratings Chart

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