National Bank of Canada FI Sells 380,770 Shares of Vipshop Holdings Limited (NYSE:VIPS)

National Bank of Canada FI reduced its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 97.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,029 shares of the technology company's stock after selling 380,770 shares during the quarter. National Bank of Canada FI's holdings in Vipshop were worth $122,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in VIPS. Blue Trust Inc. grew its stake in shares of Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock worth $134,000 after acquiring an additional 1,487 shares during the period. 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 worth $165,000 after purchasing an additional 1,191 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in shares of Vipshop in the fourth quarter valued at approximately $165,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Vipshop in the fourth quarter valued at approximately $175,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Vipshop during the 4th quarter valued at approximately $210,000. Institutional investors own 48.82% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on VIPS. Barclays boosted their target price on shares of Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Citigroup lowered Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a research note on Tuesday, April 1st. Finally, StockNews.com upgraded Vipshop from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $15.30.

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Vipshop Stock Performance

Vipshop stock traded up $0.17 during midday trading on Tuesday, hitting $12.59. 4,116,809 shares of the company's stock were exchanged, compared to its average volume of 3,915,094. The company has a market cap of $6.46 billion, a P/E ratio of 6.02, a PEG ratio of 1.52 and a beta of 0.53. The stock has a 50-day moving average price of $15.35 and a two-hundred day moving average price of $14.59. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $17.94.

Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). The business had revenue of $4.55 billion for 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%. As a group, sell-side analysts expect that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.

Vipshop Dividend Announcement

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