Marathon Asset Management Ltd Cuts Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Marathon Asset Management Ltd cut its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 4.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,141,135 shares of the technology company's stock after selling 202,769 shares during the period. Vipshop accounts for approximately 2.0% of Marathon Asset Management Ltd's portfolio, making the stock its 12th largest position. Marathon Asset Management Ltd owned 0.81% of Vipshop worth $64,933,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VIPS. Vanguard Group Inc. boosted 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 worth $188,060,000 after purchasing an additional 79,254 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Vipshop by 13.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock worth $197,010,000 after purchasing an additional 1,456,862 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Vipshop by 14.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,063,150 shares of the technology company's stock valued at $108,608,000 after purchasing an additional 993,042 shares in the last quarter. Invesco Ltd. boosted its position 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 valued at $104,516,000 after buying an additional 1,718,159 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Vipshop during the fourth quarter valued at $64,115,000. 48.82% of the stock is owned by institutional investors.

Vipshop Stock Performance

Shares of Vipshop stock traded up $0.05 during trading hours on Tuesday, hitting $15.10. The company's stock had a trading volume of 1,659,231 shares, compared to its average volume of 3,767,173. The company has a market cap of $7.75 billion, a PE ratio of 7.91, a PEG ratio of 2.58 and a beta of 0.57. The business has a 50 day moving average price of $14.40 and a two-hundred day moving average price of $14.47. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $17.94.

Analyst Upgrades and Downgrades

VIPS has been the subject of several research reports. Barclays decreased their price objective on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Citigroup cut shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research note on Tuesday, April 1st. JPMorgan Chase & Co. reduced their price objective on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Wall Street Zen cut Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $15.58.

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.