Russell Investments Group Ltd. increased its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 11.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,196,919 shares of the technology company's stock after buying an additional 127,423 shares during the quarter. Russell Investments Group Ltd. owned 0.23% of Vipshop worth $15,973,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of VIPS. Aviva PLC grew its holdings in shares of Vipshop by 1.0% in the 4th quarter. Aviva PLC now owns 261,100 shares of the technology company's stock worth $3,517,000 after purchasing an additional 2,500 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Vipshop during the fourth quarter worth about $1,043,000. Prudential PLC increased its holdings in shares of Vipshop by 0.3% during the fourth quarter. Prudential PLC now owns 2,907,212 shares of the technology company's stock worth $39,160,000 after buying an additional 9,364 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Vipshop by 9.7% in the fourth quarter. Geode Capital Management LLC now owns 3,571,808 shares of the technology company's stock valued at $47,929,000 after acquiring an additional 315,064 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Vipshop by 29.5% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 77,133 shares of the technology company's stock worth $1,039,000 after acquiring an additional 17,587 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on VIPS shares. StockNews.com upgraded Vipshop from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. 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. Finally, Barclays increased their price target on shares of Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Vipshop currently has a consensus rating of "Hold" and a consensus price target of $15.30.
Read Our Latest Stock Report on Vipshop
Vipshop Stock Performance
VIPS traded up $0.30 during trading on Tuesday, reaching $12.72. 1,061,851 shares of the company's stock were exchanged, compared to its average volume of 3,903,470. The company's fifty day moving average price is $15.35 and its 200-day moving average price is $14.59. The firm has a market capitalization of $6.53 billion, a PE ratio of 6.08, a P/E/G ratio of 1.52 and a beta of 0.53. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94.
Vipshop (NYSE:VIPS - Get Free Report) last released its quarterly earnings data 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 company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. Research analysts forecast that Vipshop Holdings Limited will post 1.95 earnings per share 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 paid a $0.43 dividend. This represents a yield of 2.9%. The ex-dividend date of this dividend is Friday, April 11th. Vipshop's payout ratio is presently 24.24%.
About Vipshop
(
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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