Catalyst Funds Management Pty Ltd bought a new position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 117,052 shares of the technology company's stock, valued at approximately $1,577,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Hhlr Advisors LTD. boosted its stake in shares of Vipshop by 6.2% in the third quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company's stock worth $247,281,000 after buying an additional 914,322 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Vipshop by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company's stock valued at $149,619,000 after buying an additional 139,320 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake 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 buying an additional 333,989 shares in the last quarter. Polaris Capital Management LLC purchased a new position in Vipshop in the fourth quarter valued at $63,095,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Vipshop by 179.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company's stock worth $62,670,000 after buying an additional 2,558,896 shares during the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Barclays boosted their price target on Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Citigroup dropped their price objective on Vipshop from $18.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, November 20th. Benchmark reiterated a "hold" rating on shares of Vipshop in a report on Wednesday, November 20th. Finally, StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $15.75.
Read Our Latest Research Report on Vipshop
Vipshop Price Performance
Vipshop stock traded down $0.41 during midday trading on Wednesday, hitting $16.95. The company's stock had a trading volume of 3,241,073 shares, compared to its average volume of 3,751,472. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 1.52 and a beta of 0.30. The company has a 50-day moving average price of $14.98 and a two-hundred day moving average price of $14.37. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $18.08.
Vipshop (NYSE:VIPS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.05). Vipshop had a net margin of 7.50% and a return on equity of 20.89%. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. Sell-side analysts forecast that Vipshop Holdings Limited will post 1.95 EPS for the current year.
Vipshop Announces Dividend
The firm also recently announced an annual dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a yield of 2.9%. Vipshop's dividend payout ratio is presently 24.24%.
Vipshop Profile
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Free Report)
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.
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