Wellington Management Group LLP Sells 122,677 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Wellington Management Group LLP decreased its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 55.8% in the third quarter, Holdings Channel reports. The firm owned 97,353 shares of the technology company’s stock after selling 122,677 shares during the quarter. Wellington Management Group LLP’s holdings in Vipshop were worth $1,531,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in VIPS. Assenagon Asset Management S.A. lifted its position in shares of Vipshop by 13.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 22,478 shares of the technology company’s stock worth $293,000 after buying an additional 2,729 shares during the period. Blue Trust Inc. lifted its holdings in shares of Vipshop by 1,904.0% during the second quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after acquiring an additional 3,351 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Vipshop by 8.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 532,050 shares of the technology company’s stock valued at $6,927,000 after purchasing an additional 39,686 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Vipshop by 2.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,559,051 shares of the technology company’s stock worth $85,399,000 after purchasing an additional 184,000 shares during the last quarter. Finally, Railway Pension Investments Ltd increased its position in shares of Vipshop by 20.8% during the 2nd quarter. Railway Pension Investments Ltd now owns 556,500 shares of the technology company’s stock worth $7,246,000 after purchasing an additional 95,700 shares in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Down 0.1 %

VIPS stock opened at $13.39 on Thursday. The business has a fifty day moving average of $14.11 and a 200-day moving average of $14.05. The company has a market cap of $6.87 billion, a P/E ratio of 6.41, a PEG ratio of 1.56 and a beta of 0.31. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $20.19.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on VIPS shares. Citigroup reduced their price target on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $20.00 to $12.50 in a report on Wednesday, August 21st. StockNews.com cut Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Barclays assumed coverage on Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective on the stock. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price 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.