Is Vipshop Holdings Ltd – ADR (VIPS) Set To Rebound On Analyst Upgrade After A 20% Drop Since Late April?

How have hedgies been trading Vipshop Holdings Ltd – ADR (NYSE:VIPS)?

Heading into the second quarter, there was a change of 2% in the number of hedge fund positions in the stock. This 2% increase in the first quarter seems to be very low, but overall aggregate capital invested by these hedge funds in the stock has increased by a whopping 50% in the first quarter. This indicates that many hedge fund managers had strengthened their position in the stock significantly and some had opened a new position in the stock. Overall the hedge funds were optimistic on this stock.

According to Insider Monkey’s database, Tiger Global Management, managed by Chase Coleman, holds the largest position in Vipshop Holdings Ltd – ADR (NYSE:VIPS). Tiger Global Management holds 15.95 million shares valued at $469.6 million, comprising 5.1% of its 13F portfolio. Following Tiger Global Management is Ted Kang of Kylin Management, with 15.6 million shares valued at $459.9 million and accounting for an extremely bullish 41.3% of his 13F portfolio. Some of the remaining members of the smart money that hold long positions in the stock include John Burbank‘s Passport Capital, Stephen Mandel’s Lone Pine Capital, and J Kevin Kenny Jr’s Emerging Sovereign Group.

In general, hedge funds were bullish on Vipshop Holdings Ltd – ADR (NYSE:VIPS)’s stock and some hedge fund managers opted to invest big money in the stock in the first quarter. Leading the way is OZ Management, managed by Daniel S. Och, which opened the biggest position in the stock, buying 3.8 million shares worth $112 million at the end of the first quarter. Edmond M. Safra’s EMS Capital initiated a $15.9 million position by buying 540,000 shares during the quarter. The following funds were also among the new Vipshop investors: Jim Simons‘ Renaissance Technologies, Paul Marshall and Ian Wace’s Marshall Wace LLP, and John Thaler‘s JAT Capital Management.

Hedge funds opted to remain bullish on this stock in the first quarter and there was no insider activity filed during the same period. Analysts at various firms also remain bullish on this stock and recommend buying it despite the 20% drop since April. Based on a strongly positive hedge fund sentiment and bullish analyst calls, we recommend to buy this stock at the moment.

Disclosure: None