Bridgewater Associates LP Sells 28,387 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Bridgewater Associates LP decreased its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 391,597 shares of the technology company's stock after selling 28,387 shares during the quarter. Bridgewater Associates LP owned 0.08% of Vipshop worth $5,275,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Caas Capital Management LP acquired a new stake in shares of Vipshop in the fourth quarter valued at about $1,327,000. Vanguard Group Inc. increased its position in shares of Vipshop by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock valued at $188,060,000 after acquiring an additional 79,254 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Vipshop by 53.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,597,664 shares of the technology company's stock valued at $34,991,000 after acquiring an additional 908,669 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Vipshop by 16.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,035,334 shares of the technology company's stock valued at $27,416,000 after acquiring an additional 286,604 shares during the last quarter. Finally, Polymer Capital Management HK LTD increased its position in shares of Vipshop by 2,302.0% in the fourth quarter. Polymer Capital Management HK LTD now owns 267,300 shares of the technology company's stock valued at $3,601,000 after acquiring an additional 256,172 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup downgraded Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price on the stock. in a research report on Tuesday, April 1st. StockNews.com raised Vipshop from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Finally, Barclays boosted their price target on Vipshop from $19.00 to $20.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Five equities 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, Vipshop currently has an average rating of "Hold" and an average price target of $15.30.

Vipshop Price Performance

NYSE VIPS traded up $0.39 during trading on Wednesday, reaching $13.17. 1,785,543 shares of the company's stock were exchanged, compared to its average volume of 3,895,330. The business has a 50 day moving average price of $15.03 and a 200-day moving average price of $14.43. The stock has a market capitalization of $6.76 billion, a P/E ratio of 6.30, a PEG ratio of 1.52 and a beta of 0.53. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94.

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

Vipshop Announces Dividend

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

About Vipshop

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.