Wellington Management Group LLP Trims Position in Vipshop Holdings Limited (NYSE:VIPS)

Wellington Management Group LLP decreased its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 55.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,353 shares of the technology company's stock after selling 122,677 shares during the quarter. Wellington Management Group LLP's holdings in Vipshop were worth $1,531,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Vipshop by 1,904.0% in the second quarter. Blue Trust Inc. now owns 3,527 shares of the technology company's stock worth $46,000 after acquiring an additional 3,351 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in Vipshop during the 3rd quarter worth approximately $56,000. Employees Retirement System of Texas increased its position in shares of Vipshop by 143.2% in the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company's stock valued at $60,000 after buying an additional 2,717 shares in the last quarter. National Bank of Canada FI acquired a new stake in Vipshop during the 2nd quarter worth $136,000. Finally, Atomi Financial Group Inc. boosted its stake in Vipshop by 6.8% during the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock worth $174,000 after buying an additional 702 shares during the last quarter. Institutional investors own 48.82% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on VIPS. Citigroup cut their target price on shares of Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, November 20th. StockNews.com cut shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. UBS Group cut Vipshop from a "buy" rating to a "neutral" rating and lowered their price target for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Barclays assumed coverage on shares of Vipshop in a research report on Wednesday, November 6th. They set an "overweight" rating and a $19.00 target price on the stock. Finally, Benchmark restated a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $17.50.

Vipshop Price Performance

Shares of Vipshop stock traded down $0.04 during trading hours on Thursday, hitting $13.35. 1,737,799 shares of the company's stock traded hands, compared to its average volume of 3,859,920. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $20.19. The company has a fifty day simple moving average of $14.05 and a 200-day simple moving average of $14.04. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 1.56 and a beta of 0.31.

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.