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

Wellington Management Group LLP grew its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 378.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 465,352 shares of the technology company's stock after acquiring 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 SEC filing.

Several other large investors have also recently modified their holdings of the business. Blue Trust Inc. lifted its position in shares of Vipshop by 17.5% in the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock worth $134,000 after purchasing an additional 1,487 shares during the period. Jump Financial LLC bought a new position in Vipshop during the fourth quarter worth $161,000. Vontobel Holding Ltd. acquired a new position in Vipshop in the fourth quarter valued at $165,000. Wilmington Savings Fund Society FSB bought a new stake in Vipshop during the fourth quarter valued at $175,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Vipshop during the 4th quarter worth about $210,000. Institutional investors own 48.82% of the company's stock.

Wall Street Analyst Weigh In

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

Vipshop Price Performance

Shares of NYSE VIPS traded up $0.09 during mid-day trading on Thursday, reaching $14.47. 3,009,392 shares of the company's stock traded hands, compared to its average volume of 3,795,793. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $17.94. The stock has a market cap of $7.43 billion, a P/E ratio of 6.92, a PEG ratio of 1.52 and a beta of 0.60. The business has a 50-day simple moving average of $13.87 and a 200 day simple moving average of $14.30.

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.