UBS Asset Management Americas Inc. Buys 230,423 Shares of Vipshop Holdings Limited (NYSE:VIPS)
UBS Asset Management Americas Inc. raised its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 6.5% in the fourth quarter, Holdings Channel reports. The fund owned 3,769,827 shares of the technology company’s stock after acquiring an additional 230,423 shares during the period. UBS Asset Management Americas Inc.’s holdings in Vipshop were worth $105,970,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Fisher Asset Management LLC increased its position in shares of Vipshop by 31.3% during the 4th quarter. Fisher Asset Management LLC now owns 319,380 shares of the technology company’s stock worth $8,978,000 after purchasing an additional 76,090 shares in the last quarter. Paradiem LLC acquired a new stake in shares of Vipshop during the fourth quarter worth approximately $618,000. Credit Suisse AG raised its stake in shares of Vipshop by 68.1% in the fourth quarter. Credit Suisse AG now owns 19,021,838 shares of the technology company’s stock valued at $534,705,000 after acquiring an additional 7,708,332 shares during the last quarter. Lester Murray Antman dba SimplyRich acquired a new position in shares of Vipshop in the 4th quarter worth approximately $280,000. Finally, First Trust Advisors LP grew its position in Vipshop by 57.5% during the 4th quarter. First Trust Advisors LP now owns 134,224 shares of the technology company’s stock worth $3,773,000 after acquiring an additional 49,007 shares during the last quarter. Institutional investors own 49.36% of the company’s stock.
Vipshop stock opened at $29.51 on Thursday. Vipshop Holdings Limited has a 1 year low of $14.16 and a 1 year high of $46.00. The company’s 50-day moving average is $37.56 and its two-hundred day moving average is $27.61. The company has a current ratio of 1.08, a quick ratio of 0.79 and a debt-to-equity ratio of 0.01. The company has a market cap of $20.03 billion, a PE ratio of 28.38 and a beta of 0.81.
A number of equities analysts have commented on the company. Zacks Investment Research raised Vipshop from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Saturday, March 27th. Morgan Stanley upgraded shares of Vipshop from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $14.50 to $33.00 in a research report on Monday, February 1st. Finally, Macquarie raised their price objective on shares of Vipshop from $33.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, February 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.50.
Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates through four segments, Vip.com, Shan Shan Outlets, Internet Finance, and Others. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.
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