Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its stake in Vipshop Holdings Limited (NYSE:VIPS) by 57.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,619 shares of the technology company’s stock after selling 75,858 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Vipshop were worth $747,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. First Beijing Investment Ltd acquired a new stake in Vipshop during the 3rd quarter worth $120,182,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Vipshop by 179.5% during the third 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 buying an additional 2,558,896 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Vipshop during the third quarter worth $14,938,000. Hhlr Advisors LTD. raised its holdings in shares of Vipshop by 6.2% during the 3rd quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock worth $247,281,000 after acquiring an additional 914,322 shares during the period. Finally, Marathon Asset Management Ltd grew its holdings in shares of Vipshop by 14.9% in the third quarter. Marathon Asset Management Ltd now owns 4,390,922 shares of the technology company’s stock valued at $69,069,000 after purchasing an additional 570,869 shares during the period. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays initiated coverage on Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective for the company. Citigroup dropped their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Benchmark restated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Finally, StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Vipshop currently has a consensus rating of “Hold” and an average price target of $17.50.

Vipshop Trading Down 0.9 %

Shares of VIPS opened at $14.91 on Thursday. The firm has a market cap of $7.65 billion, a PE ratio of 7.13, a price-to-earnings-growth ratio of 1.59 and a beta of 0.30. The company’s 50 day simple moving average is $13.82 and its 200-day simple moving average is $13.91. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $20.19.

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.