Marathon Asset Management Ltd Sells 202,769 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Marathon Asset Management Ltd decreased its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 4.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,141,135 shares of the technology company's stock after selling 202,769 shares during the period. Vipshop comprises approximately 2.0% of Marathon Asset Management Ltd's investment portfolio, making the stock its 12th biggest holding. Marathon Asset Management Ltd owned about 0.81% of Vipshop worth $64,933,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Lighthouse Investment Partners LLC acquired a new position in shares of Vipshop during the fourth quarter worth $1,990,000. Packer & Co Ltd purchased a new stake in shares of Vipshop during the first quarter valued at $24,292,000. Vanguard Group Inc. grew its holdings in shares of Vipshop by 0.6% during the fourth 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 last quarter. JPMorgan Chase & Co. grew its holdings in shares of Vipshop by 53.8% during the fourth quarter. JPMorgan Chase & Co. now owns 2,597,664 shares of the technology company's stock valued at $34,991,000 after buying an additional 908,669 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Vipshop by 16.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,035,334 shares of the technology company's stock valued at $27,416,000 after buying an additional 286,604 shares during the last quarter. Institutional investors own 48.82% of the company's stock.

Vipshop Stock Up 2.1%

VIPS stock opened at $15.12 on Friday. The company's 50-day simple moving average is $14.35 and its 200-day simple moving average is $14.45. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $17.94. The firm has a market cap of $7.76 billion, a P/E ratio of 7.92, a PEG ratio of 2.53 and a beta of 0.57.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VIPS. Wall Street Zen lowered shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Citigroup lowered shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a report on Tuesday, April 1st. Finally, Barclays dropped their price objective on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Vipshop presently has an average rating of "Hold" and an average target price of $15.10.

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.

Want to see what other hedge funds are holding VIPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vipshop Holdings Limited (NYSE:VIPS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.