UBS Asset Management Americas Inc. lowered its stake in shares of Vipshop Holdings Ltd. (NYSE:VIPS) by 45.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,777,583 shares of the company’s stock after selling 4,784,808 shares during the period. UBS Asset Management Americas Inc.’s holdings in Vipshop Holdings were worth $84,758,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Sei Investments Co. raised its stake in shares of Vipshop Holdings by 118.5% in the second quarter. Sei Investments Co. now owns 9,268 shares of the company’s stock worth $103,000 after buying an additional 5,027 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Vipshop Holdings by 239.8% in the second quarter. Tower Research Capital LLC TRC now owns 10,178 shares of the company’s stock worth $114,000 after buying an additional 7,183 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Vipshop Holdings during the second quarter worth about $121,000. Capstone Asset Management Co. purchased a new stake in shares of Vipshop Holdings during the second quarter worth about $131,000. Finally, Parametrica Management Ltd purchased a new stake in shares of Vipshop Holdings during the second quarter worth about $140,000. 78.43% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Vipshop Holdings (NYSE:VIPS)

Vipshop Holdings Ltd. (NYSE:VIPS) opened at 11.46 on Wednesday. The firm has a 50-day moving average of $13.55 and a 200 day moving average of $13.29. The firm has a market cap of $6.67 billion, a P/E ratio of 26.53 and a beta of 1.83. Vipshop Holdings Ltd. has a 1-year low of $10.21 and a 1-year high of $17.53.

TRADEMARK VIOLATION NOTICE: “Vipshop Holdings Ltd. (VIPS) Stake Lowered by UBS Asset Management Americas Inc.” was posted by Financial Market News and is owned by of Financial Market News. If you are accessing this article on another website, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at http://www.financial-market-news.com/vipshop-holdings-ltd-vips-stake-lowered-by-ubs-asset-management-americas-inc/1210431/.

VIPS has been the topic of a number of research analyst reports. Zacks Investment Research lowered Vipshop Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, October 19th. TheStreet raised Vipshop Holdings to a “buy” rating in a research report on Friday, August 12th. Bank of America Corp. raised Vipshop Holdings from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 16th. Jefferies Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of Vipshop Holdings in a research report on Tuesday, August 16th. Finally, Stifel Nicolaus upped their price objective on Vipshop Holdings from $18.00 to $21.50 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Vipshop Holdings currently has a consensus rating of “Buy” and a consensus target price of $15.02.

About Vipshop Holdings

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

5 Day Chart for NYSE:VIPS

Want to see what other hedge funds are holding VIPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vipshop Holdings Ltd. (NYSE:VIPS).

Receive News & Ratings for Vipshop Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vipshop Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.