Pictet Asset Management Holding SA Sells 48,600 Shares of Vipshop Holdings Limited $VIPS

Pictet Asset Management Holding SA decreased its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 11.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 359,000 shares of the technology company’s stock after selling 48,600 shares during the period. Pictet Asset Management Holding SA owned 0.07% of Vipshop worth $5,643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Arax Advisory Partners lifted its position in shares of Vipshop by 96.8% during the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock worth $25,000 after purchasing an additional 692 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in Vipshop by 153.8% in the 4th quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock valued at $36,000 after buying an additional 1,250 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in Vipshop by 8,472.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock worth $38,000 after buying an additional 2,118 shares during the period. Cooper Investors PTY Ltd. bought a new position in Vipshop in the 4th quarter worth approximately $58,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of Vipshop by 104.3% during the fourth quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock worth $106,000 after buying an additional 3,050 shares during the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VIPS. Bank of America restated an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. Weiss Ratings downgraded shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. UBS Group set a $18.50 price target on shares of Vipshop and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.20.

Vipshop Trading Up 0.0%

Shares of NYSE:VIPS opened at $13.27 on Friday. The firm has a market capitalization of $6.35 billion, a PE ratio of 6.23, a PEG ratio of 1.33 and a beta of 0.67. Vipshop Holdings Limited has a 1-year low of $12.65 and a 1-year high of $21.08. The business’s 50 day moving average is $13.98 and its 200-day moving average is $15.94.

Vipshop Company 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.