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

Marathon Asset Management Ltd decreased its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 16.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,114,748 shares of the technology company’s stock after selling 605,640 shares during the period. Vipshop makes up about 2.3% of Marathon Asset Management Ltd’s investment portfolio, making the stock its 15th largest holding. Marathon Asset Management Ltd owned about 0.61% of Vipshop worth $61,174,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. boosted its stake in Vipshop by 0.5% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 133,271 shares of the technology company’s stock worth $2,006,000 after purchasing an additional 657 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Vipshop by 3.0% in the second quarter. Advisors Asset Management Inc. now owns 23,072 shares of the technology company’s stock valued at $347,000 after purchasing an additional 664 shares in the last quarter. Lester Murray Antman dba SimplyRich boosted its position in shares of Vipshop by 0.5% during the third quarter. Lester Murray Antman dba SimplyRich now owns 146,753 shares of the technology company’s stock worth $2,882,000 after buying an additional 685 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Vipshop by 0.6% during the third quarter. Exchange Traded Concepts LLC now owns 121,975 shares of the technology company’s stock worth $2,396,000 after buying an additional 693 shares in the last quarter. Finally, Huntington National Bank raised its position in Vipshop by 53.8% in the 2nd quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock valued at $50,000 after buying an additional 1,163 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Trading Down 0.7%

Shares of VIPS opened at $19.44 on Monday. The company’s fifty day simple moving average is $19.21 and its 200 day simple moving average is $17.63. Vipshop Holdings Limited has a 1-year low of $12.14 and a 1-year high of $21.08. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 1.85 and a beta of 0.73.

Analyst Ratings Changes

A number of research firms have weighed in on VIPS. Zacks Research downgraded Vipshop from a “hold” rating to a “strong sell” rating in a research report on Monday, December 22nd. Wall Street Zen raised shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a research report on Thursday, November 20th. Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Friday, November 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a research note on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $19.83.

Vipshop Profile

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.