Resona Asset Management Co. Ltd. bought a new position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 77,521 shares of the technology company's stock, valued at approximately $1,043,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caas Capital Management LP bought a new stake in shares of Vipshop in the 4th quarter valued at approximately $1,327,000. Vanguard Group Inc. lifted its holdings in shares of Vipshop by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock valued at $188,060,000 after acquiring an additional 79,254 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Vipshop by 53.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,597,664 shares of the technology company's stock valued at $34,991,000 after purchasing an additional 908,669 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Vipshop by 16.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,035,334 shares of the technology company's stock worth $27,416,000 after purchasing an additional 286,604 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Vipshop during the 4th quarter worth about $210,000. 48.82% of the stock is currently owned by institutional investors.
Vipshop Stock Performance
Shares of VIPS traded up $0.28 during mid-day trading on Tuesday, reaching $12.70. The company had a trading volume of 2,275,561 shares, compared to its average volume of 3,908,101. The company's 50 day simple moving average is $15.35 and its 200 day simple moving average is $14.59. The company has a market capitalization of $6.52 billion, a price-to-earnings ratio of 6.08, a P/E/G ratio of 1.52 and a beta of 0.53. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $17.94.
Vipshop (NYSE:VIPS - Get Free Report) last released its quarterly 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). The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $3.82 billion. Vipshop had a return on equity of 20.89% and a net margin of 7.50%. As a group, equities analysts forecast that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.
Vipshop Announces Dividend
The firm also recently announced an annual dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a yield of 2.9%. Vipshop's payout ratio is currently 24.24%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on VIPS. Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a research note on Tuesday, April 1st. StockNews.com raised Vipshop from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, Barclays increased their target price on Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Vipshop currently has a consensus rating of "Hold" and a consensus target price of $15.30.
View Our Latest Stock Analysis on VIPS
Vipshop Profile
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Free Report)
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.
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