Wellington Management Group LLP Increases Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Wellington Management Group LLP boosted its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 378.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 465,352 shares of the technology company's stock after purchasing an additional 367,999 shares during the period. Wellington Management Group LLP owned about 0.09% of Vipshop worth $6,268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in Vipshop by 17.5% in the fourth 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 in the last quarter. Jump Financial LLC purchased a new position in Vipshop in the fourth quarter valued at about $161,000. Vontobel Holding Ltd. purchased a new position in Vipshop in the fourth quarter valued at about $165,000. Wilmington Savings Fund Society FSB purchased a new position in Vipshop in the fourth quarter valued at about $175,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Vipshop in the fourth quarter valued at about $210,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Barclays reduced 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 price objective for the company. in a research report on Tuesday, April 1st. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Vipshop has a consensus rating of "Hold" and a consensus price target of $15.10.

Vipshop Stock Performance

Vipshop stock traded up $0.18 during trading on Friday, hitting $14.65. The company's stock had a trading volume of 3,170,327 shares, compared to its average volume of 3,794,435. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 7.01, a P/E/G ratio of 1.52 and a beta of 0.57. The stock's fifty day moving average is $13.83 and its 200 day moving average is $14.31. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $17.94.

About Vipshop

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.