Harvest Fund Management Co. Ltd Trims Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Harvest Fund Management Co. Ltd reduced its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 56.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,943 shares of the technology company's stock after selling 168,257 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Vipshop were worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its stake in Vipshop by 17.5% during the 4th 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 during the period. Polymer Capital Management HK LTD purchased a new stake in Vipshop during the 3rd quarter valued at approximately $175,000. Atomi Financial Group Inc. raised its position in shares of Vipshop by 10.8% during the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock valued at $165,000 after buying an additional 1,191 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in shares of Vipshop in the fourth quarter worth $165,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Vipshop during the fourth quarter worth $175,000. 48.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VIPS has been the topic of several research analyst reports. Barclays boosted their price target on shares of Vipshop from $19.00 to $20.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. StockNews.com upgraded Vipshop from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $15.75.

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Vipshop Stock Up 0.8 %

VIPS traded up $0.14 on Monday, hitting $16.43. The company had a trading volume of 2,005,209 shares, compared to its average volume of 3,753,257. The business's fifty day simple moving average is $15.19 and its 200 day simple moving average is $14.46. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $17.94. The company has a market cap of $8.43 billion, a PE ratio of 7.86, a PEG ratio of 1.52 and a beta of 0.30.

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

Vipshop Announces Dividend

The company also recently announced an annual dividend, which will be paid on Friday, April 25th. Stockholders 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 dividend yield of 2.9%. Vipshop's dividend payout ratio (DPR) 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.