Asset Management One Co. Ltd. Sells 4,782 Shares of Vipshop Holdings Limited $VIPS

Asset Management One Co. Ltd. reduced its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 8.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,825 shares of the technology company’s stock after selling 4,782 shares during the period. Asset Management One Co. Ltd.’s holdings in Vipshop were worth $750,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VIPS. Cambridge Investment Research Advisors Inc. acquired a new position in Vipshop in the first quarter valued at approximately $427,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Vipshop by 3,533.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company’s stock valued at $310,000 after buying an additional 1,965,244 shares during the period. KBC Group NV lifted its holdings in Vipshop by 17.0% in the first quarter. KBC Group NV now owns 101,615 shares of the technology company’s stock valued at $1,593,000 after buying an additional 14,736 shares during the period. Vontobel Holding Ltd. lifted its holdings in Vipshop by 19.1% in the first quarter. Vontobel Holding Ltd. now owns 14,638 shares of the technology company’s stock valued at $230,000 after buying an additional 2,352 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in Vipshop in the first quarter valued at approximately $27,051,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Stock Performance

VIPS opened at $17.65 on Friday. The firm’s fifty day moving average is $18.41 and its two-hundred day moving average is $16.04. Vipshop Holdings Limited has a twelve month low of $12.14 and a twelve month high of $21.08. The firm has a market cap of $9.05 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 2.11 and a beta of 0.71.

Wall Street Analyst Weigh In

VIPS has been the topic of several analyst reports. Zacks Research lowered shares of Vipshop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Bank of America cut their price objective on shares of Vipshop from $17.80 to $17.30 and set a “buy” rating on the stock in a report on Friday, July 18th. Citigroup increased their target price on shares of Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Wall Street Zen upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vipshop in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.33.

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.