Allspring Global Investments Holdings LLC Has $84.36 Million Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 0.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,454,407 shares of the technology company’s stock after selling 35,147 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Vipshop were worth $84,359,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hhlr Advisors LTD. increased its holdings in shares of Vipshop by 6.2% during the 3rd quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock valued at $247,281,000 after acquiring an additional 914,322 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Vipshop by 1.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company’s stock worth $149,619,000 after purchasing an additional 139,320 shares during the period. First Beijing Investment Ltd acquired a new position in Vipshop during the third quarter valued at approximately $120,182,000. Massachusetts Financial Services Co. MA raised its position in shares of Vipshop by 7.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,828,506 shares of the technology company’s stock valued at $75,952,000 after purchasing an additional 333,989 shares during the period. Finally, Polaris Capital Management LLC acquired a new stake in shares of Vipshop in the fourth quarter worth $63,095,000. 48.82% of the stock is currently owned by institutional investors.

Vipshop Stock Performance

Shares of VIPS opened at $14.91 on Thursday. 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 $7.65 billion, a P/E ratio of 7.13, a P/E/G ratio of 1.59 and a beta of 0.30. The company has a 50-day simple moving average of $13.82 and a 200-day simple moving average of $13.91.

Wall Street Analyst Weigh In

VIPS has been the topic of a number of research analyst reports. Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com cut shares of Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays assumed coverage on Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective on the stock. Finally, Citigroup decreased their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.50.

Vipshop Company 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.