Nuveen Asset Management LLC Sells 724,944 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Nuveen Asset Management LLC decreased its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 54.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 607,956 shares of the technology company's stock after selling 724,944 shares during the quarter. Nuveen Asset Management LLC owned 0.12% of Vipshop worth $8,189,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. increased its holdings in Vipshop by 17.5% in the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock valued at $134,000 after buying an additional 1,487 shares during the period. Jump Financial LLC bought a new position in Vipshop in the 4th quarter valued at about $161,000. Vontobel Holding Ltd. bought a new position in Vipshop in the 4th quarter valued at about $165,000. Wilmington Savings Fund Society FSB bought a new position in Vipshop in the 4th quarter valued at about $175,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Vipshop in the 4th quarter valued at about $210,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on VIPS. Wall Street Zen lowered shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday. Barclays decreased their target price 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. Finally, Citigroup lowered shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price on the stock. in a report on Tuesday, April 1st. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $15.10.

Vipshop Stock Performance

Shares of Vipshop stock traded up $0.41 during midday trading on Monday, hitting $14.20. 3,121,003 shares of the company traded hands, compared to its average volume of 3,804,865. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 1.52 and a beta of 0.60. The firm's fifty day moving average price is $13.95 and its 200-day moving average price is $14.30. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $17.94.

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.