UBS Asset Management Americas Inc. reduced its position in Vipshop Holdings Ltd. (NYSE:VIPS) by 45.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,777,583 shares of the company’s stock after selling 4,784,808 shares during the period. UBS Asset Management Americas Inc. owned approximately 1.00% of Vipshop Holdings worth $84,758,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. increased its stake in Vipshop Holdings by 1,078.4% in the third quarter. Daiwa Securities Group Inc. now owns 60,100 shares of the company’s stock worth $882,000 after buying an additional 55,000 shares in the last quarter. Penserra Capital Management LLC increased its stake in Vipshop Holdings by 6.0% in the third quarter. Penserra Capital Management LLC now owns 52,730 shares of the company’s stock worth $772,000 after buying an additional 2,984 shares in the last quarter. Hosking Partners LLP increased its stake in Vipshop Holdings by 13.8% in the third quarter. Hosking Partners LLP now owns 366,972 shares of the company’s stock worth $5,383,000 after buying an additional 44,516 shares in the last quarter. KBC Group NV increased its stake in Vipshop Holdings by 2,591.6% in the third quarter. KBC Group NV now owns 280,353 shares of the company’s stock worth $4,113,000 after buying an additional 269,937 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Vipshop Holdings by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 832,920 shares of the company’s stock worth $12,220,000 after buying an additional 13,128 shares in the last quarter. 78.43% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Vipshop Holdings (NYSE:VIPS)

Shares of Vipshop Holdings Ltd. (NYSE:VIPS) opened at 11.46 on Wednesday. The stock has a market capitalization of $6.67 billion, a P/E ratio of 26.53 and a beta of 1.83. The stock has a 50 day moving average price of $13.55 and a 200 day moving average price of $13.29. Vipshop Holdings Ltd. has a one year low of $10.21 and a one year high of $17.53.

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A number of equities research analysts recently commented on the company. Nomura set a $16.00 target price on Vipshop Holdings and gave the stock a “buy” rating in a research report on Thursday, November 24th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $16.00 target price on shares of Vipshop Holdings in a research report on Wednesday, August 31st. Jefferies Group set a $20.00 target price on Vipshop Holdings and gave the stock a “buy” rating in a research report on Tuesday, November 22nd. Deutsche Bank AG upgraded Vipshop Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, November 10th. Finally, Stifel Nicolaus boosted their target price on Vipshop Holdings from $18.00 to $21.50 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $15.02.

About Vipshop Holdings

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

5 Day Chart for NYSE:VIPS

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