Bank of New York Mellon Corp Decreases Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Bank of New York Mellon Corp cut its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 15.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 538,729 shares of the technology company's stock after selling 101,816 shares during the quarter. Bank of New York Mellon Corp owned about 0.10% of Vipshop worth $7,257,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC acquired a new stake in Vipshop during the 3rd quarter valued at approximately $56,000. Blue Trust Inc. lifted its position in Vipshop by 17.5% during the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock valued at $134,000 after purchasing an additional 1,487 shares during the period. Atomi Financial Group Inc. boosted its holdings in Vipshop by 10.8% in the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock valued at $165,000 after purchasing an additional 1,191 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in Vipshop in the fourth quarter valued at $165,000. Finally, Polymer Capital Management HK LTD acquired a new stake in Vipshop during the 3rd quarter worth about $175,000. 48.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com upgraded Vipshop from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Barclays raised their target price on Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Citigroup cut their price target on shares of Vipshop from $18.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, November 20th. Finally, Benchmark reissued a "hold" rating on shares of Vipshop in a report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Vipshop presently has an average rating of "Hold" and an average target price of $15.75.

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Vipshop Stock Down 2.0 %

Shares of VIPS traded down $0.35 during trading on Wednesday, reaching $17.01. 1,956,770 shares of the company traded hands, compared to its average volume of 3,805,379. The stock has a 50-day simple moving average of $14.98 and a 200-day simple moving average of $14.37. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $18.08. The stock has a market cap of $8.73 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30.

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

Vipshop Announces Dividend

The company 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 $0.43 dividend. This represents a yield of 2.9%. The ex-dividend date is Friday, April 11th. Vipshop's dividend payout ratio is currently 24.24%.

Vipshop 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.