Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Maple Brown Abbott Ltd

Maple Brown Abbott Ltd cut its stake in Vipshop Holdings Limited (NYSE:VIPS) by 27.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,195 shares of the technology company’s stock after selling 17,894 shares during the period. Vipshop makes up about 0.1% of Maple Brown Abbott Ltd’s holdings, making the stock its 16th largest holding. Maple Brown Abbott Ltd’s holdings in Vipshop were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC acquired a new position in Vipshop in the third quarter valued at approximately $56,000. Blue Trust Inc. boosted its holdings in 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 acquiring an additional 4,958 shares during the period. Atomi Financial Group Inc. grew its position in Vipshop by 10.8% in the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after acquiring an additional 1,191 shares in the last quarter. Polymer Capital Management HK LTD purchased a new stake in Vipshop during the third quarter worth about $175,000. Finally, Quantinno Capital Management LP lifted its position in shares of Vipshop by 16.9% during the third quarter. Quantinno Capital Management LP now owns 15,811 shares of the technology company’s stock worth $249,000 after purchasing an additional 2,284 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VIPS shares. StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a report on Monday, January 20th. Barclays assumed 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. Citigroup decreased their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Finally, Benchmark reaffirmed a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.50.

Vipshop Price Performance

VIPS stock opened at $14.72 on Monday. The company has a fifty day moving average price of $13.49 and a 200 day moving average price of $13.82. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $20.19. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 1.45 and a beta of 0.31.

Vipshop 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.