Legal & General Group Plc lowered its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 28.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,898,689 shares of the technology company's stock after selling 1,174,791 shares during the quarter. Legal & General Group Plc owned 0.56% of Vipshop worth $39,045,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of VIPS. Caas Capital Management LP acquired a new position in shares of Vipshop in the fourth quarter valued at approximately $1,327,000. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 79,254 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Vipshop by 53.8% in the fourth 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. boosted its position in shares of Vipshop by 16.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,035,334 shares of the technology company's stock worth $27,416,000 after buying an additional 286,604 shares during the period. Finally, Polymer Capital Management HK LTD grew its holdings in shares of Vipshop by 2,302.0% during the fourth quarter. Polymer Capital Management HK LTD now owns 267,300 shares of the technology company's stock worth $3,601,000 after buying an additional 256,172 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.
Vipshop Stock Up 0.4 %
Shares of VIPS stock traded up $0.05 during trading on Friday, reaching $12.44. 3,170,374 shares of the company's stock were exchanged, compared to its average volume of 3,932,578. The firm's fifty day moving average price is $15.19 and its 200-day moving average price is $14.54. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $17.94. The stock has a market capitalization of $6.38 billion, a PE ratio of 5.95, 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.05). The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $3.82 billion. Vipshop had a return on equity of 20.89% and a net margin of 7.50%. As a group, 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. Investors of record on Friday, April 11th will be issued a dividend of $0.43 per share. 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%.
Analysts Set New Price Targets
VIPS has been the topic of a number of recent research reports. Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a report on Tuesday, April 1st. Barclays raised their price objective on Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Finally, StockNews.com raised Vipshop from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $15.30.
Get Our Latest Stock Report on VIPS
About Vipshop
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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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