Vipshop Holdings Limited (NYSE:VIPS) Shares Acquired by abrdn plc

abrdn plc grew its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 723,339 shares of the technology company's stock after purchasing an additional 30,403 shares during the quarter. abrdn plc owned about 0.14% of Vipshop worth $9,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its position in Vipshop by 1.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company's stock worth $149,619,000 after purchasing an additional 139,320 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in Vipshop by 24.0% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 19,573 shares of the technology company's stock valued at $264,000 after purchasing an additional 3,782 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock worth $134,000 after acquiring an additional 1,487 shares during the last quarter. Atomi Financial Group Inc. raised its stake in shares of Vipshop by 10.8% during the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock worth $165,000 after buying an additional 1,191 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of Vipshop by 27.2% during the fourth quarter. Ritholtz Wealth Management now owns 136,360 shares of the technology company's stock worth $1,837,000 after buying an additional 29,192 shares during the last quarter. Institutional investors own 48.82% of the company's stock.

Vipshop Price Performance

NYSE VIPS traded down $0.22 during trading hours on Tuesday, reaching $15.08. The company's stock had a trading volume of 3,522,457 shares, compared to its average volume of 3,176,654. The firm has a fifty day simple moving average of $13.78 and a 200-day simple moving average of $13.91. The stock has a market cap of $7.74 billion, a P/E ratio of 7.22, a P/E/G ratio of 1.59 and a beta of 0.30. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $20.19.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VIPS shares. 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 cut shares of Vipshop from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Barclays assumed coverage on shares of Vipshop in a report on Wednesday, November 6th. They set an "overweight" rating and a $19.00 price objective for the company. Finally, Benchmark restated a "hold" rating on shares of Vipshop in a report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus 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.