Maple Brown Abbott Ltd Decreases Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Maple Brown Abbott Ltd cut its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 27.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 48,195 shares of the technology company’s stock after selling 17,894 shares during the period. Vipshop accounts for 0.1% of Maple Brown Abbott Ltd’s holdings, making the stock its 16th biggest position. Maple Brown Abbott Ltd’s holdings in Vipshop were worth $649,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Lingohr Asset Management GmbH purchased a new stake in shares of Vipshop in the third quarter valued at $921,000. The Manufacturers Life Insurance Company lifted its holdings in Vipshop by 76.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 73,369 shares of the technology company’s stock valued at $955,000 after purchasing an additional 31,816 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Vipshop by 179.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock worth $62,670,000 after buying an additional 2,558,896 shares in the last quarter. FMR LLC raised its position in shares of Vipshop by 8.5% in the third quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock valued at $32,579,000 after buying an additional 162,027 shares during the last quarter. Finally, Ariose Capital Management Ltd purchased a new position in shares of Vipshop during the third quarter valued at approximately $8,189,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on VIPS shares. Benchmark reiterated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Citigroup dropped their price objective 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 raised shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Finally, Barclays began coverage on shares of Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Vipshop presently has a consensus rating of “Hold” and a consensus price target of $17.50.

Vipshop Trading Up 2.2 %

NYSE:VIPS opened at $14.72 on Monday. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $20.19. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 1.45 and a beta of 0.31. The firm’s fifty day simple moving average is $13.49 and its 200 day simple moving average is $13.82.

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.