Connor Clark & Lunn Investment Management Ltd. increased its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 32.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,119,045 shares of the technology company's stock after acquiring an additional 270,986 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.22% of Vipshop worth $15,074,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC purchased a new position in shares of Vipshop during the 3rd quarter worth approximately $56,000. Blue Trust Inc. boosted its position in shares of 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 in the last quarter. Atomi Financial Group Inc. grew its stake in 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 purchasing an additional 1,191 shares during the period. Vontobel Holding Ltd. bought a new position in Vipshop in the fourth quarter worth $165,000. Finally, Polymer Capital Management HK LTD purchased a new position in Vipshop during the third quarter valued at $175,000. Institutional investors own 48.82% of the company's stock.
Vipshop Stock Up 5.6 %
Shares of NYSE VIPS traded up $0.95 during midday trading on Monday, hitting $17.77. The stock had a trading volume of 4,976,852 shares, compared to its average volume of 3,751,273. The company has a market cap of $9.12 billion, a P/E ratio of 8.50, a PEG ratio of 1.52 and a beta of 0.30. The business's 50 day moving average is $14.80 and its 200-day moving average is $14.30. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $18.08.
Vipshop (NYSE:VIPS - Get Free Report) last issued its earnings results 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 business had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $3.82 billion. As a group, analysts expect that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.
Vipshop Announces Dividend
The business also recently announced an annual dividend, which will be paid on Friday, April 25th. Shareholders 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 of this dividend is Friday, April 11th. Vipshop's dividend payout ratio is currently 24.24%.
Analyst Upgrades and Downgrades
VIPS has been the subject of several research reports. StockNews.com upgraded shares of Vipshop from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Barclays raised their target price on shares of Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Benchmark reissued a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Finally, Citigroup reduced their price objective on Vipshop from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $15.75.
Get Our Latest Research Report on VIPS
Vipshop Profile
(
Free Report)
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.
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