Pictet Asset Management Holding SA Has $5.64 Million Stock Holdings in Vipshop Holdings Limited $VIPS

Pictet Asset Management Holding SA decreased its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 11.9% in the first quarter, Holdings Channel reports. The firm owned 359,000 shares of the technology company’s stock after selling 48,600 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Vipshop were worth $5,643,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in VIPS. Ritholtz Wealth Management raised its holdings in shares of Vipshop by 1.6% in the 1st quarter. Ritholtz Wealth Management now owns 188,446 shares of the technology company’s stock worth $2,962,000 after buying an additional 3,054 shares in the last quarter. SG Americas Securities LLC grew its position in Vipshop by 44.1% in the first quarter. SG Americas Securities LLC now owns 1,344,090 shares of the technology company’s stock valued at $21,129,000 after acquiring an additional 411,123 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Vipshop by 8,472.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock valued at $38,000 after acquiring an additional 2,118 shares during the period. Sankala Group LLC acquired a new position in Vipshop during the fourth quarter worth $839,000. Finally, DGS Capital Management LLC raised its stake in Vipshop by 10.1% during the fourth quarter. DGS Capital Management LLC now owns 58,518 shares of the technology company’s stock worth $1,035,000 after acquiring an additional 5,370 shares in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Performance

Vipshop stock opened at $13.27 on Friday. The business’s fifty day moving average is $13.98 and its two-hundred day moving average is $15.94. The firm has a market cap of $6.35 billion, a P/E ratio of 6.23, a P/E/G ratio of 1.33 and a beta of 0.67. Vipshop Holdings Limited has a 52 week low of $12.65 and a 52 week high of $21.08.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Weiss Ratings downgraded shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. dropped their target price on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Benchmark reissued a “hold” rating on shares of Vipshop in a report on Friday, May 22nd. Bank of America restated an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Finally, Wall Street Zen raised shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.20.

Vipshop Company Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.