Nuveen Asset Management LLC Has $8.19 Million Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Nuveen Asset Management LLC lessened its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 54.4% during the fourth quarter, according to the company in 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 period. Nuveen Asset Management LLC owned about 0.12% of Vipshop worth $8,189,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Lazard Asset Management LLC lifted its position in Vipshop by 3.3% during the fourth quarter. Lazard Asset Management LLC now owns 1,392,497 shares of the technology company's stock worth $18,756,000 after purchasing an additional 44,863 shares during the period. Lighthouse Investment Partners LLC acquired a new position in shares of Vipshop in the 4th quarter valued at approximately $1,990,000. Janus Henderson Group PLC lifted its holdings in shares of Vipshop by 16.5% during the 4th quarter. Janus Henderson Group PLC now owns 468,731 shares of the technology company's stock worth $6,312,000 after acquiring an additional 66,420 shares during the period. Centiva Capital LP acquired a new stake in shares of Vipshop during the 4th quarter worth approximately $414,000. Finally, Bank of America Corp DE boosted its position in shares of Vipshop by 1.9% during the 4th quarter. Bank of America Corp DE now owns 2,028,220 shares of the technology company's stock worth $27,320,000 after acquiring an additional 38,656 shares in the last quarter. 48.82% of the stock is owned by institutional investors.

Vipshop Price Performance

VIPS stock traded down $0.32 during midday trading on Friday, reaching $13.79. 7,269,877 shares of the stock were exchanged, compared to its average volume of 3,830,386. The company has a fifty day moving average price of $13.99 and a 200 day moving average price of $14.29. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $17.94. The stock has a market capitalization of $7.08 billion, a PE ratio of 6.60, a P/E/G ratio of 1.52 and a beta of 0.60.

Vipshop (NYSE:VIPS - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05). The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. As a group, analysts anticipate that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VIPS. Wall Street Zen cut Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday. Barclays dropped their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Finally, Citigroup cut Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price on the stock. in a research report on Tuesday, April 1st. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.