4,759,828 Shares in Vipshop Holdings Limited (NYSE:VIPS) Bought by Norges Bank

Norges Bank purchased a new position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,759,828 shares of the technology company's stock, valued at approximately $64,115,000. Norges Bank owned 0.93% of Vipshop at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Vipshop by 53.8% during the fourth quarter. JPMorgan Chase & Co. now owns 2,597,664 shares of the technology company's stock worth $34,991,000 after purchasing an additional 908,669 shares during the last quarter. Financial Counselors Inc. raised its holdings in shares of Vipshop by 17.8% during the 4th quarter. Financial Counselors Inc. now owns 20,507 shares of the technology company's stock worth $276,000 after buying an additional 3,095 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Vipshop by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock worth $188,060,000 after buying an additional 79,254 shares during the last quarter. LPL Financial LLC boosted its stake in Vipshop by 114.9% in the fourth quarter. LPL Financial LLC now owns 24,164 shares of the technology company's stock valued at $325,000 after buying an additional 12,919 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Vipshop in the fourth quarter valued at about $2,000,000. Institutional investors own 48.82% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on VIPS. Barclays increased their target price on shares of Vipshop from $19.00 to $20.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective for the company. in a research note on Tuesday, April 1st. Finally, StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $15.30.

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Vipshop Trading Down 5.6 %

NYSE:VIPS traded down $0.75 during mid-day trading on Tuesday, hitting $12.67. 6,171,736 shares of the company's stock were exchanged, compared to its average volume of 3,852,821. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The firm has a market capitalization of $6.50 billion, a P/E ratio of 6.06, a PEG ratio of 1.52 and a beta of 0.53. The company has a 50 day simple moving average of $15.51 and a 200-day simple moving average of $14.65.

Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly 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 business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $3.82 billion. Vipshop had a return on equity of 20.89% and a net margin of 7.50%. As a group, analysts expect that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.

Vipshop Announces Dividend

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. The ex-dividend date is Friday, April 11th. This represents a dividend yield of 2.9%. Vipshop's dividend payout ratio (DPR) is 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.