UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $62.67 Million Holdings in Vipshop Holdings Limited (NYSE:VIPS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 179.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,984,082 shares of the technology company's stock after acquiring an additional 2,558,896 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.73% of Vipshop worth $62,670,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VIPS. California State Teachers Retirement System boosted its stake in shares of Vipshop by 18.0% in the first quarter. California State Teachers Retirement System now owns 178,624 shares of the technology company's stock worth $2,956,000 after acquiring an additional 27,270 shares during the last quarter. Cetera Advisors LLC purchased a new position in Vipshop in the first quarter valued at $232,000. Boston Partners lifted its position in shares of Vipshop by 65.1% during the 1st quarter. Boston Partners now owns 51,660 shares of the technology company's stock worth $855,000 after purchasing an additional 20,378 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in Vipshop by 13.3% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 340,110 shares of the technology company's stock valued at $4,428,000 after acquiring an additional 39,902 shares during the last quarter. Finally, Diversified Trust Co increased its holdings in shares of Vipshop by 2.9% in the 2nd quarter. Diversified Trust Co now owns 102,607 shares of the technology company's stock valued at $1,336,000 after acquiring an additional 2,870 shares during the period. Institutional investors and hedge funds own 48.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VIPS. Morgan Stanley lowered their price target on Vipshop from $16.00 to $14.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 20th. CLSA downgraded Vipshop from an "outperform" rating to a "hold" rating and lowered their price target for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. Barclays initiated coverage on Vipshop in a research note on Wednesday, November 6th. They set an "overweight" rating and a $19.00 price target for the company. Benchmark reaffirmed a "hold" rating on shares of Vipshop in a research note on Wednesday, November 20th. Finally, Citigroup cut their price target on Vipshop from $18.00 to $17.00 and set a "buy" rating for the company 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $17.50.

Vipshop Stock Up 0.9 %

Shares of VIPS stock traded up $0.12 during trading hours on Tuesday, reaching $13.86. The company's stock had a trading volume of 2,373,860 shares, compared to its average volume of 3,901,069. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 1.57 and a beta of 0.31. The firm's 50 day simple moving average is $14.72 and its 200-day simple moving average is $14.26.

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.