Vipshop Holdings Limited (NYSE:VIPS) Stake Lessened by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA cut its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 18.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 371,500 shares of the technology company's stock after selling 84,400 shares during the period. Pictet Asset Management Holding SA owned approximately 0.07% of Vipshop worth $5,004,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VIPS. Blue Trust Inc. raised its stake in Vipshop by 17.5% during 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 period. Atomi Financial Group Inc. raised its position in shares of Vipshop by 10.8% in the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock worth $165,000 after buying an additional 1,191 shares during the period. Vontobel Holding Ltd. purchased a new position in shares of Vipshop in the 4th quarter worth $165,000. Polymer Capital Management HK LTD acquired a new position in Vipshop in the third quarter valued at $175,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Vipshop during the fourth quarter valued at about $175,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Price Performance

Vipshop stock traded down $0.75 during midday trading on Tuesday, hitting $12.67. 6,171,736 shares of the company 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 company's fifty day moving average price is $15.51 and its 200-day moving average price is $14.65. The company has a market cap of $6.50 billion, a PE ratio of 6.06, a price-to-earnings-growth ratio of 1.52 and a beta of 0.53.

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Vipshop (NYSE:VIPS - Get Free Report) last announced its earnings results 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 firm had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $3.82 billion. On average, analysts expect that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.

Vipshop Dividend Announcement

The firm also recently announced 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 payout ratio is 24.24%.

Analyst Ratings Changes

VIPS has been the topic of a number of research reports. Barclays raised their price objective on Vipshop from $19.00 to $20.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. StockNews.com upgraded shares of Vipshop from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Finally, 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. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $15.30.

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.