Vipshop Holdings Limited (NYSE:VIPS) Holdings Lowered by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in Vipshop Holdings Limited (NYSE:VIPS) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,454,407 shares of the technology company’s stock after selling 35,147 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.26% of Vipshop worth $84,359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lingohr Asset Management GmbH acquired a new position in shares of Vipshop in the third quarter worth about $921,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Vipshop by 179.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock valued at $62,670,000 after acquiring an additional 2,558,896 shares in the last quarter. FMR LLC lifted its position in shares of Vipshop by 8.5% in the 3rd quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock valued at $32,579,000 after acquiring an additional 162,027 shares in the last quarter. Ariose Capital Management Ltd acquired a new position in Vipshop in the 3rd quarter worth approximately $8,189,000. Finally, Charles Schwab Investment Management Inc. grew its position in Vipshop by 19.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,748,730 shares of the technology company’s stock worth $27,508,000 after purchasing an additional 290,583 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Analysts Set New Price Targets

VIPS has been the subject of a number of research analyst reports. Citigroup reduced their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Benchmark reissued a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com cut Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Barclays began coverage on Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price on the stock. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Vipshop has a consensus rating of “Hold” and an average target price of $17.50.

Vipshop Price Performance

Shares of NYSE VIPS opened at $14.91 on Thursday. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19. The business’s 50-day moving average price is $13.82 and its two-hundred day moving average price is $13.91. The company has a market capitalization of $7.65 billion, a P/E ratio of 7.13, a price-to-earnings-growth ratio of 1.59 and a beta of 0.30.

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.