E Fund Management Co. Ltd. lowered its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,863,897 shares of the technology company's stock after selling 266,327 shares during the period. Vipshop makes up approximately 1.3% of E Fund Management Co. Ltd.'s holdings, making the stock its 16th largest holding. E Fund Management Co. Ltd. owned about 0.36% of Vipshop worth $25,107,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. Venturi Wealth Management LLC bought a new stake in shares of Vipshop in the third quarter worth about $56,000. Blue Trust Inc. grew its stake 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 worth $134,000 after purchasing an additional 1,487 shares during the last quarter. Atomi Financial Group Inc. grew its stake 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 purchasing an additional 1,191 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in shares of Vipshop in the fourth quarter worth about $165,000. Finally, Polymer Capital Management HK LTD bought a new stake in shares of Vipshop in the third quarter worth about $175,000. Hedge funds and other institutional investors own 48.82% of the company's stock.
Wall Street Analyst Weigh In
VIPS has been the topic of several research reports. Citigroup cut their price objective on Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, November 20th. StockNews.com raised Vipshop from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Benchmark reaffirmed a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Finally, Barclays lifted their price objective on Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $15.75.
Read Our Latest Stock Analysis on VIPS
Vipshop Stock Performance
Shares of VIPS traded up $0.23 during mid-day trading on Friday, reaching $17.14. The company had a trading volume of 3,849,484 shares, compared to its average volume of 3,943,745. The firm has a 50-day moving average price of $14.47 and a 200 day moving average price of $14.15. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $18.08. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30.
Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 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 company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. As a group, research analysts forecast that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.
Vipshop Announces Dividend
The company also recently disclosed an annual dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a yield of 2.9%. Vipshop's payout ratio is currently 24.24%.
Vipshop Company Profile
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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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