148,500 Shares in Vipshop Holdings Limited (NYSE:VIPS) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 148,500 shares of the technology company's stock, valued at approximately $2,000,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in Vipshop by 17.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 25,583 shares of the technology company's stock valued at $402,000 after purchasing an additional 3,787 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Vipshop by 19.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,748,730 shares of the technology company's stock valued at $27,508,000 after acquiring an additional 290,583 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Vipshop by 15.0% in the third quarter. Daiwa Securities Group Inc. now owns 24,500 shares of the technology company's stock worth $385,000 after acquiring an additional 3,200 shares during the period. Loomis Sayles & Co. L P grew its holdings in Vipshop by 9.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 70,396 shares of the technology company's stock worth $1,107,000 after acquiring an additional 6,278 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Vipshop by 4.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 76,431 shares of the technology company's stock valued at $1,202,000 after purchasing an additional 3,062 shares during the period. Institutional investors own 48.82% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VIPS. StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Citigroup lowered Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a report on Tuesday. Finally, Barclays lifted their price target on Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a 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. Based on data from MarketBeat.com, Vipshop has a consensus rating of "Hold" and a consensus target price of $15.30.

Vipshop Stock Performance

VIPS traded down $0.34 during trading on Tuesday, hitting $15.34. The stock had a trading volume of 3,202,382 shares, compared to its average volume of 3,833,946. The stock has a 50 day simple moving average of $15.59 and a two-hundred day simple moving average of $14.63. The company has a market capitalization of $7.87 billion, a PE ratio of 7.34, a PEG ratio of 1.52 and a beta of 0.30. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $17.94.

Vipshop (NYSE:VIPS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 earnings per share 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 business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $3.82 billion. On average, equities research analysts anticipate that Vipshop Holdings Limited will post 1.95 EPS for the current year.

Vipshop Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a $0.43 dividend. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, April 11th. Vipshop's payout ratio is currently 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.