Causeway Capital Management LLC Sells 1,594,381 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Causeway Capital Management LLC decreased its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 84.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 301,815 shares of the technology company's stock after selling 1,594,381 shares during the quarter. Causeway Capital Management LLC owned about 0.06% of Vipshop worth $4,065,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VIPS. Atomi Financial Group Inc. lifted its position in shares of Vipshop by 10.8% in the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock worth $165,000 after buying an additional 1,191 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Vipshop by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company's stock valued at $349,000 after acquiring an additional 1,400 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Vipshop by 17.5% in 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 in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Vipshop by 3.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 44,100 shares of the technology company's stock valued at $594,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Lester Murray Antman dba SimplyRich increased its position in Vipshop by 1.0% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 151,159 shares of the technology company's stock worth $2,036,000 after purchasing an additional 1,526 shares during the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on VIPS shares. StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Citigroup downgraded Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a research report on Tuesday, April 1st. Finally, Barclays boosted 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. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $15.30.

Vipshop Stock Up 0.4 %

VIPS traded up $0.05 during trading hours on Friday, reaching $12.44. 3,170,374 shares of the company's stock traded hands, compared to its average volume of 3,921,714. The firm has a 50-day moving average price of $15.14 and a 200 day moving average price of $14.51. The firm has a market capitalization of $6.38 billion, a PE ratio of 5.95, a PEG ratio of 1.52 and a beta of 0.53. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $17.94.

Vipshop (NYSE:VIPS - Get Free Report) last issued its earnings results 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). The company had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. Equities analysts predict that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.

Vipshop Dividend Announcement

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

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.