Asset Management One Co. Ltd. Purchases 4,479 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Asset Management One Co. Ltd. increased its position in Vipshop Holdings Limited (NYSE:VIPS) by 9.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 53,442 shares of the technology company’s stock after acquiring an additional 4,479 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Vipshop were worth $712,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of VIPS. Creative Planning raised its position in Vipshop by 16.9% in the 3rd quarter. Creative Planning now owns 107,026 shares of the technology company’s stock worth $1,684,000 after buying an additional 15,477 shares during the last quarter. Blue Trust Inc. raised its position in Vipshop by 140.6% in the 3rd quarter. Blue Trust Inc. now owns 8,485 shares of the technology company’s stock worth $133,000 after buying an additional 4,958 shares during the last quarter. Signaturefd LLC raised its position in Vipshop by 5.1% in the 3rd quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock worth $263,000 after buying an additional 817 shares during the last quarter. abrdn plc raised its position in Vipshop by 17.3% in the 3rd quarter. abrdn plc now owns 692,936 shares of the technology company’s stock worth $10,914,000 after buying an additional 102,140 shares during the last quarter. Finally, AustralianSuper Pty Ltd purchased a new position in Vipshop in the 3rd quarter worth about $421,000. Institutional investors own 48.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on VIPS shares. Citigroup decreased their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Barclays started coverage on Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price for the company. StockNews.com lowered Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.50.

Vipshop Stock Down 0.6 %

NYSE VIPS opened at $14.49 on Friday. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $20.19. The firm has a market capitalization of $7.44 billion, a P/E ratio of 6.93, a PEG ratio of 1.54 and a beta of 0.30. The company has a 50-day moving average price of $13.96 and a 200-day moving average price of $13.97.

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.