FIL Ltd lessened its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,818,332 shares of the technology company's stock after selling 2,190,376 shares during the period. FIL Ltd owned approximately 2.50% of Vipshop worth $172,663,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in VIPS. Atomi Financial Group Inc. increased its position in shares of Vipshop by 10.8% during the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock valued at $165,000 after acquiring an additional 1,191 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Vipshop by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company's stock worth $349,000 after buying an additional 1,400 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock valued at $134,000 after acquiring an additional 1,487 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Vipshop by 3.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 44,100 shares of the technology company's stock valued at $594,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich boosted its holdings in Vipshop by 1.0% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 151,159 shares of the technology company's stock worth $2,036,000 after purchasing an additional 1,526 shares during the last quarter. Hedge funds and other institutional investors own 48.82% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Vipshop from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Citigroup cut shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a report on Tuesday, April 1st. Finally, Barclays raised their target price on Vipshop from $19.00 to $20.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $15.30.
Check Out Our Latest Stock Analysis on VIPS
Vipshop Price Performance
Shares of NYSE:VIPS traded up $0.13 during trading on Monday, hitting $12.69. 2,006,916 shares of the company's stock were exchanged, compared to its average volume of 3,897,201. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $17.94. The business's 50-day simple moving average is $15.39 and its 200 day simple moving average is $14.62. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 6.07, a PEG 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 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 company had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $3.82 billion. On average, sell-side analysts anticipate that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.
Vipshop Dividend Announcement
The company also recently declared an annual dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.43 per share. This represents a yield of 2.9%. The ex-dividend date of this dividend is Friday, April 11th. Vipshop's dividend 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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