Vipshop Holdings Limited (NYSE:VIPS) Stock Position Reduced by Wellington Management Group LLP

Wellington Management Group LLP decreased its stake in Vipshop Holdings Limited (NYSE:VIPS) by 55.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,353 shares of the technology company’s stock after selling 122,677 shares during the quarter. Wellington Management Group LLP’s holdings in Vipshop were worth $1,531,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Quantinno Capital Management LP raised its holdings in shares of Vipshop by 16.9% during the third quarter. Quantinno Capital Management LP now owns 15,811 shares of the technology company’s stock worth $249,000 after acquiring an additional 2,284 shares in the last quarter. Polymer Capital Management HK LTD purchased a new stake in shares of Vipshop during the 3rd quarter worth about $175,000. Maven Securities LTD acquired a new stake in shares of Vipshop during the 3rd quarter valued at about $629,000. Janus Henderson Group PLC bought a new stake in shares of Vipshop in the 3rd quarter valued at approximately $6,331,000. Finally, Hhlr Advisors LTD. increased its holdings in Vipshop by 6.2% in the third quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock worth $247,281,000 after buying an additional 914,322 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on VIPS. Barclays assumed coverage on shares of Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price for the company. Benchmark restated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Citigroup lowered their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. CLSA lowered Vipshop from an “outperform” rating to a “hold” rating and reduced their target price for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Finally, StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $17.50.

Vipshop Trading Down 0.1 %

Shares of Vipshop stock opened at $13.39 on Thursday. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 6.41, a PEG ratio of 1.56 and a beta of 0.31. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $20.19. The company’s fifty day simple moving average is $14.11 and its 200-day simple moving average is $14.05.

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.