Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 669,428 shares of the technology company's stock after selling 38,171 shares during the quarter. California Public Employees Retirement System owned 0.13% of Vipshop worth $9,017,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of VIPS. The Manufacturers Life Insurance Company lifted its stake in shares of 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 during the period. FMR LLC raised its position in shares of Vipshop by 8.5% in the third quarter. FMR LLC now owns 2,071,160 shares of the technology company's stock worth $32,579,000 after acquiring an additional 162,027 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Vipshop during the 3rd quarter worth about $6,331,000. Quantinno Capital Management LP grew its position in shares of Vipshop by 16.9% during the 3rd quarter. Quantinno Capital Management LP now owns 15,811 shares of the technology company's stock valued at $249,000 after acquiring an additional 2,284 shares during the period. Finally, National Bank of Canada FI grew its position in shares of Vipshop by 3,647.0% during the 3rd quarter. National Bank of Canada FI now owns 389,799 shares of the technology company's stock valued at $6,132,000 after acquiring an additional 379,396 shares during the period. Hedge funds and other institutional investors own 48.82% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have issued reports on VIPS. Barclays increased 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. StockNews.com upgraded Vipshop from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Finally, Citigroup lowered shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company. in a report on Tuesday, April 1st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $15.30.

Vipshop Stock Down 4.1 %

Shares of Vipshop stock traded down $0.54 during mid-day trading on Friday, reaching $12.60. 5,831,813 shares of the stock traded hands, compared to its average volume of 3,899,559. The business has a 50-day moving average of $15.39 and a 200 day moving average of $14.62. The stock has a market capitalization of $6.47 billion, a PE ratio of 6.03, 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 posted its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 EPS 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 firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $3.82 billion. On average, equities research analysts expect that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.

Vipshop Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Friday, April 25th. Investors 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 payout ratio is presently 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.