JPMorgan Chase & Co. Has $34.99 Million Holdings in Vipshop Holdings Limited (NYSE:VIPS)

JPMorgan Chase & Co. raised its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 53.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,597,664 shares of the technology company's stock after acquiring an additional 908,669 shares during the quarter. JPMorgan Chase & Co. owned about 0.51% of Vipshop worth $34,991,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Polaris Capital Management LLC bought a new stake in shares of Vipshop in the fourth quarter valued at about $63,095,000. Public Employees Retirement System of Ohio bought a new stake in Vipshop in the 3rd quarter valued at about $14,938,000. Janus Henderson Group PLC acquired a new position in shares of Vipshop during the 3rd quarter worth approximately $6,331,000. National Bank of Canada FI increased its holdings in shares of Vipshop by 3,647.0% during the third quarter. National Bank of Canada FI now owns 389,799 shares of the technology company's stock worth $6,132,000 after purchasing an additional 379,396 shares during the period. Finally, Nan Fung Trinity HK Ltd. acquired a new stake in shares of Vipshop in the fourth quarter valued at approximately $5,026,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on VIPS. StockNews.com upgraded Vipshop from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Barclays raised 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. Finally, Citigroup cut shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective for the company. in a research report on Tuesday, April 1st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $15.30.

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Vipshop Price Performance

NYSE:VIPS traded down $0.54 during trading hours on Friday, hitting $12.60. The company's stock had a trading volume of 5,831,813 shares, compared to its average volume of 3,899,559. The company has a market capitalization of $6.47 billion, a P/E ratio of 6.03, a PEG ratio of 1.52 and a beta of 0.53. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $17.94. The stock has a fifty day simple moving average of $15.39 and a 200-day simple moving average of $14.62.

Vipshop (NYSE:VIPS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05). The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. On average, equities analysts predict that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.

Vipshop Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a $0.43 dividend. The ex-dividend date 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.