UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 460,137 Shares of Vipshop Holdings Limited (NYSE:VIPS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,523,945 shares of the technology company's stock after selling 460,137 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.69% of Vipshop worth $47,468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VIPS. Atomi Financial Group Inc. boosted its stake in Vipshop by 10.8% during the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock valued at $165,000 after buying an additional 1,191 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock valued at $134,000 after acquiring an additional 1,487 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its position in shares of Vipshop by 24.0% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 19,573 shares of the technology company's stock valued at $264,000 after acquiring an additional 3,782 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Vipshop by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company's stock valued at $149,619,000 after purchasing an additional 139,320 shares in the last quarter. Finally, abrdn plc increased its position in Vipshop by 4.4% in the fourth quarter. abrdn plc now owns 723,339 shares of the technology company's stock worth $9,610,000 after purchasing an additional 30,403 shares during the last quarter. Institutional investors own 48.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VIPS shares. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barclays dropped their price target 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 downgraded Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a research report on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the 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

NYSE VIPS traded down $0.01 during trading on Wednesday, hitting $14.08. The stock had a trading volume of 2,967,507 shares, compared to its average volume of 3,831,463. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $17.94. The stock has a 50 day simple moving average of $14.13 and a 200 day simple moving average of $14.29. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 6.74, a P/E/G ratio of 1.52 and a beta of 0.60.

Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 20.89% and a net margin of 7.50%. On average, sell-side analysts predict that Vipshop Holdings Limited will post 1.95 EPS for the current year.

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.