Arrowstreet Capital Limited Partnership Sells 1,438,821 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Arrowstreet Capital Limited Partnership lowered its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,769,238 shares of the technology company's stock after selling 1,438,821 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.12% of Vipshop worth $77,712,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Vipshop by 19.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,748,730 shares of the technology company's stock valued at $27,508,000 after buying an additional 290,583 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Vipshop by 4.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 76,431 shares of the technology company's stock valued at $1,202,000 after purchasing an additional 3,062 shares in the last quarter. FMR LLC lifted its holdings in shares of Vipshop by 8.5% in the 3rd quarter. FMR LLC now owns 2,071,160 shares of the technology company's stock valued at $32,579,000 after buying an additional 162,027 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Vipshop by 179.5% in the third 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 valued at $62,670,000 after buying an additional 2,558,896 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in Vipshop during the third quarter worth $6,331,000. Hedge funds and other institutional investors own 48.82% of the company's stock.

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Vipshop Stock Down 5.0 %

Shares of VIPS traded down $0.75 during midday trading on Friday, hitting $14.08. The company had a trading volume of 4,757,665 shares, compared to its average volume of 3,847,498. The company's 50 day moving average price is $15.61 and its 200 day moving average price is $14.65. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $17.94. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 1.52 and a beta of 0.53.

Vipshop (NYSE:VIPS - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. Equities analysts anticipate that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.

Vipshop Announces Dividend

The company also recently announced an annual dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a dividend of $0.43 per share. This represents a yield of 2.9%. The ex-dividend date is Friday, April 11th. Vipshop's dividend payout ratio is presently 24.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Barclays raised their price target on shares of Vipshop from $19.00 to $20.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Finally, Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective for the company. in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $15.30.

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.