Allspring Global Investments Holdings LLC Sells 35,147 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Allspring Global Investments Holdings LLC reduced its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,454,407 shares of the technology company's stock after selling 35,147 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.26% of Vipshop worth $84,359,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Lingohr Asset Management GmbH bought a new stake in shares of Vipshop in the third quarter valued at approximately $921,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Vipshop by 179.5% in 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 valued at $62,670,000 after buying an additional 2,558,896 shares during the period. FMR LLC boosted its stake 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 period. Ariose Capital Management Ltd bought a new stake in Vipshop during the third quarter worth $8,189,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Vipshop by 19.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,748,730 shares of the technology company's stock worth $27,508,000 after purchasing an additional 290,583 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VIPS has been the subject of several recent analyst reports. StockNews.com cut Vipshop from a "buy" rating to a "hold" rating in a research note on Wednesday. Benchmark restated a "hold" rating on shares of Vipshop in a research note on Wednesday, November 20th. Barclays initiated coverage on Vipshop in a research note on Wednesday, November 6th. They set an "overweight" rating and a $19.00 target price for the company. Finally, Citigroup cut their target price on Vipshop from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Vipshop presently has a consensus rating of "Hold" and a consensus price target of $17.50.

Vipshop Stock Down 0.9 %

Shares of NYSE:VIPS traded down $0.14 during trading on Friday, hitting $15.34. 3,497,063 shares of the company were exchanged, compared to its average volume of 2,725,060. The business's 50 day moving average is $13.91 and its 200-day moving average is $13.94. The company has a market capitalization of $7.87 billion, a P/E ratio of 7.34, a price-to-earnings-growth ratio of 1.59 and a beta of 0.30. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19.

About Vipshop

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.