Assenagon Asset Management S.A. Reduces Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Assenagon Asset Management S.A. reduced its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 37.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,153 shares of the technology company’s stock after selling 8,325 shares during the period. Assenagon Asset Management S.A.’s holdings in Vipshop were worth $191,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of VIPS. First Beijing Investment Ltd purchased a new position in shares of Vipshop in the 3rd quarter worth about $120,182,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Vipshop by 179.5% during 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 worth $62,670,000 after purchasing an additional 2,558,896 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Vipshop in the third quarter valued at approximately $14,938,000. Hhlr Advisors LTD. lifted its position in Vipshop by 6.2% during the third quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock valued at $247,281,000 after buying an additional 914,322 shares in the last quarter. Finally, Marathon Asset Management Ltd grew its stake in Vipshop by 14.9% during the third quarter. Marathon Asset Management Ltd now owns 4,390,922 shares of the technology company’s stock worth $69,069,000 after buying an additional 570,869 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

Vipshop stock opened at $14.72 on Friday. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 1.45 and a beta of 0.31. The company’s 50 day simple moving average is $13.49 and its 200 day simple moving average is $13.82.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VIPS. Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Citigroup reduced their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a report on Monday, January 20th. Finally, Barclays assumed coverage on Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $17.50.

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.