Allspring Global Investments Holdings LLC Has $88.90 Million Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Allspring Global Investments Holdings LLC trimmed its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,791,446 shares of the technology company's stock after selling 662,961 shares during the period. Allspring Global Investments Holdings LLC owned about 1.13% of Vipshop worth $88,899,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in Vipshop by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock valued at $188,060,000 after buying an additional 79,254 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Vipshop by 13.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock valued at $197,010,000 after acquiring an additional 1,456,862 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Vipshop by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,063,150 shares of the technology company's stock worth $108,608,000 after acquiring an additional 993,042 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Vipshop by 28.4% during the fourth quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company's stock worth $104,516,000 after acquiring an additional 1,718,159 shares in the last quarter. Finally, Norges Bank acquired a new stake in Vipshop during the fourth quarter valued at $64,115,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Price Performance

Shares of NYSE VIPS traded down $0.02 during trading hours on Wednesday, hitting $15.08. 3,966,472 shares of the stock were exchanged, compared to its average volume of 3,644,638. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $17.94. The company's 50 day moving average is $14.45 and its 200 day moving average is $14.47. The firm has a market capitalization of $7.74 billion, a P/E ratio of 7.90, a P/E/G ratio of 2.57 and a beta of 0.58.

Analysts Set New Price Targets

A number of research analysts have commented on VIPS shares. Barclays dropped their target price on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Wall Street Zen downgraded Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Citigroup cut shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a research note on Tuesday, April 1st. Finally, JPMorgan Chase & Co. cut their price target on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $15.58.

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.