Korea Investment CORP Sells 90,800 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Korea Investment CORP lowered its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 24.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 278,972 shares of the technology company's stock after selling 90,800 shares during the period. Korea Investment CORP owned about 0.05% of Vipshop worth $3,758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VIPS. 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. Polymer Capital Management HK LTD bought a new stake in shares of Vipshop in the 3rd quarter valued at about $175,000. Atomi Financial Group Inc. increased 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 valued at $165,000 after buying an additional 1,191 shares during the period. Vontobel Holding Ltd. acquired a new stake in shares of Vipshop in the fourth quarter valued at about $165,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Vipshop during the fourth quarter worth about $175,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Price Performance

Shares of NYSE:VIPS traded down $0.75 during midday trading on Friday, hitting $14.08. 4,757,665 shares of the company's stock were exchanged, compared to its average volume of 3,847,498. 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 $7.23 billion, a PE ratio of 6.74, a price-to-earnings-growth ratio of 1.52 and a beta of 0.53. The stock has a 50 day moving average price of $15.61 and a 200-day moving average price of $14.66.

Remove Ads

Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 earnings per share 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 company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $3.82 billion. On average, analysts anticipate 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 given a $0.43 dividend. 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%.

Analysts Set New Price Targets

Several research analysts have issued reports on VIPS shares. Barclays raised their price target on shares of Vipshop from $19.00 to $20.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, Citigroup cut shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research report on Tuesday, April 1st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $15.30.

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.