Mirae Asset Global Investments Co. Ltd. Decreases Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Mirae Asset Global Investments Co. Ltd. lessened its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 57.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 55,619 shares of the technology company's stock after selling 75,858 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Vipshop were worth $747,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VIPS. Creative Planning grew its position in shares of Vipshop by 16.9% in the 3rd quarter. Creative Planning now owns 107,026 shares of the technology company's stock valued at $1,684,000 after buying an additional 15,477 shares during the last quarter. Marathon Asset Management Ltd boosted its position in shares of Vipshop by 14.9% during the 3rd quarter. Marathon Asset Management Ltd now owns 4,390,922 shares of the technology company's stock valued at $69,069,000 after purchasing an additional 570,869 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Vipshop by 140.6% during the 3rd quarter. Blue Trust Inc. now owns 8,485 shares of the technology company's stock valued at $133,000 after purchasing an additional 4,958 shares in the last quarter. Signaturefd LLC boosted its position in shares of Vipshop by 5.1% during the 3rd quarter. Signaturefd LLC now owns 16,704 shares of the technology company's stock valued at $263,000 after purchasing an additional 817 shares in the last quarter. Finally, Ariose Capital Management Ltd bought a new stake in shares of Vipshop during the 3rd quarter valued at about $8,189,000. Institutional investors own 48.82% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VIPS. Barclays began coverage on Vipshop in a research report on Wednesday, November 6th. They set an "overweight" rating and a $19.00 target price on the stock. Benchmark restated a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Citigroup cut their target price on Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, November 20th. Finally, StockNews.com downgraded Vipshop from a "buy" rating to a "hold" rating in a research note on Wednesday. Six 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, Vipshop currently has a consensus rating of "Hold" and an average target price of $17.50.

Vipshop Trading Down 0.9 %

VIPS stock traded down $0.14 during trading on Friday, reaching $15.34. 3,497,063 shares of the stock were exchanged, compared to its average volume of 2,725,060. The firm's 50 day moving average is $13.91 and its 200 day moving average is $13.94. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $20.19. The firm has a market cap 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 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.