Marathon Asset Management Ltd Sells 605,640 Shares of Vipshop Holdings Limited $VIPS

Marathon Asset Management Ltd reduced its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 16.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,114,748 shares of the technology company’s stock after selling 605,640 shares during the quarter. Vipshop comprises approximately 2.3% of Marathon Asset Management Ltd’s holdings, making the stock its 15th biggest position. Marathon Asset Management Ltd’s holdings in Vipshop were worth $61,174,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. HighTower Advisors LLC bought a new position in Vipshop during the first quarter worth $507,000. BNP Paribas Financial Markets boosted its holdings in shares of Vipshop by 20.1% during the 1st quarter. BNP Paribas Financial Markets now owns 1,877,068 shares of the technology company’s stock worth $29,432,000 after buying an additional 314,440 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Vipshop by 12.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 446,034 shares of the technology company’s stock valued at $6,994,000 after buying an additional 49,632 shares during the last quarter. Millennium Management LLC raised its holdings in Vipshop by 33.3% in the 1st quarter. Millennium Management LLC now owns 1,386,985 shares of the technology company’s stock valued at $21,748,000 after acquiring an additional 346,374 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Vipshop by 29.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock valued at $77,326,000 after acquiring an additional 1,126,983 shares during the period. Institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

Shares of NYSE VIPS opened at $19.44 on Monday. The business has a fifty day moving average price of $19.21 and a two-hundred day moving average price of $17.63. The stock has a market capitalization of $9.97 billion, a PE ratio of 10.23, a P/E/G ratio of 1.85 and a beta of 0.73. Vipshop Holdings Limited has a fifty-two week low of $12.14 and a fifty-two week high of $21.08.

Analysts Set New Price Targets

VIPS has been the topic of several research reports. Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a research report on Thursday, November 20th. JPMorgan Chase & Co. upped their price objective on Vipshop from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Zacks Research cut Vipshop from a “hold” rating to a “strong sell” rating in a research report on Monday, December 22nd. Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Friday, November 21st. Finally, Wall Street Zen upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Saturday. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.83.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.