Asset Management One Co. Ltd. Increases Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Asset Management One Co. Ltd. increased its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,442 shares of the technology company’s stock after acquiring an additional 4,479 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Vipshop were worth $712,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in Vipshop by 5.1% in the third quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock worth $263,000 after acquiring an additional 817 shares during the period. Atomi Financial Group Inc. lifted its stake in Vipshop by 10.8% in the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock worth $165,000 after acquiring an additional 1,191 shares during the period. Blue Trust Inc. lifted its stake in Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock worth $134,000 after acquiring an additional 1,487 shares during the period. Lester Murray Antman dba SimplyRich lifted its stake in Vipshop by 1.0% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 151,159 shares of the technology company’s stock worth $2,036,000 after acquiring an additional 1,526 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its stake in Vipshop by 0.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock worth $4,691,000 after acquiring an additional 2,055 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VIPS. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com lowered Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Citigroup lowered their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Finally, Barclays started 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. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.50.

Vipshop Price Performance

Shares of NYSE:VIPS opened at $14.49 on Friday. The company has a market capitalization of $7.44 billion, a PE ratio of 6.93, a PEG ratio of 1.54 and a beta of 0.30. The business has a fifty day moving average price of $13.96 and a 200-day moving average price of $13.97. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19.

About Vipshop

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.