Cerity Partners LLC Raises Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Cerity Partners LLC lifted its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 60.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,906 shares of the technology company's stock after buying an additional 21,335 shares during the period. Cerity Partners LLC's holdings in Vipshop were worth $769,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Caas Capital Management LP acquired a new position in Vipshop in the 4th quarter worth about $1,327,000. Vanguard Group Inc. raised its holdings in Vipshop by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock valued at $188,060,000 after buying an additional 79,254 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Vipshop by 53.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,597,664 shares of the technology company's stock worth $34,991,000 after buying an additional 908,669 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Vipshop by 16.4% during 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 acquiring an additional 286,604 shares during the last quarter. Finally, Polymer Capital Management HK LTD increased its position in Vipshop by 2,302.0% in the 4th quarter. Polymer Capital Management HK LTD now owns 267,300 shares of the technology company's stock valued at $3,601,000 after acquiring an additional 256,172 shares during the period. 48.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VIPS shares. Citigroup cut shares of 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. Barclays increased their price target on Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Finally, StockNews.com raised 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 assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $15.30.

Vipshop Stock Performance

Vipshop stock traded up $0.15 during mid-day trading on Wednesday, reaching $12.93. The stock had a trading volume of 2,595,086 shares, compared to its average volume of 3,920,386. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The stock's 50-day simple moving average is $15.03 and its 200-day simple moving average is $14.43. The firm has a market capitalization of $6.64 billion, a PE ratio of 6.18, a price-to-earnings-growth ratio of 1.52 and a beta of 0.53.

Vipshop (NYSE:VIPS - Get Free Report) last posted its earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.05). Vipshop had a net margin of 7.50% and a return on equity of 20.89%. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. On average, 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. Stockholders of record on Friday, April 11th will be issued a $0.43 dividend. The ex-dividend date is Friday, April 11th. This represents a dividend yield of 2.9%. Vipshop's dividend payout ratio 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.