Vipshop Holdings Limited (NYSE:VIPS) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Vipshop Holdings Limited (NYSE:VIPS) by 179.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,984,082 shares of the technology company’s stock after buying an additional 2,558,896 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Vipshop were worth $62,670,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. First Beijing Investment Ltd acquired a new stake in Vipshop in the third quarter valued at approximately $120,182,000. Krane Funds Advisors LLC boosted its stake in shares of Vipshop by 20.3% in the second quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock valued at $204,901,000 after purchasing an additional 2,659,117 shares during the period. Hsbc Holdings PLC grew its holdings in Vipshop by 155.0% during the 2nd quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock valued at $45,347,000 after purchasing an additional 2,117,902 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Vipshop by 30.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,379,114 shares of the technology company’s stock worth $43,996,000 after buying an additional 780,443 shares during the period. Finally, Marathon Asset Management Ltd lifted its holdings in Vipshop by 14.9% in the 3rd quarter. Marathon Asset Management Ltd now owns 4,390,922 shares of the technology company’s stock worth $69,069,000 after buying an additional 570,869 shares in the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Stock Down 0.5 %

VIPS opened at $13.74 on Tuesday. The company’s 50-day moving average price is $14.71 and its 200 day moving average price is $14.28. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 1.58 and a beta of 0.34.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Citigroup dropped their price target on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. StockNews.com downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. CLSA downgraded shares of Vipshop from an “outperform” rating to a “hold” rating and dropped their target price for the stock from $15.80 to $12.00 in a research report on Wednesday, August 21st. Finally, Morgan Stanley reduced their price target on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.50.

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.