Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,354,998 shares of the technology company's stock after selling 473,508 shares during the period. Massachusetts Financial Services Co. MA owned 0.85% of Vipshop worth $58,662,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in VIPS. The Manufacturers Life Insurance Company boosted its stake in Vipshop by 4.2% during the third quarter. The Manufacturers Life Insurance Company now owns 76,431 shares of the technology company's stock worth $1,202,000 after buying an additional 3,062 shares during the period. FMR LLC boosted its position in shares of Vipshop by 8.5% during the 3rd quarter. FMR LLC now owns 2,071,160 shares of the technology company's stock worth $32,579,000 after purchasing an additional 162,027 shares during the period. Janus Henderson Group PLC acquired a new stake in Vipshop in the 3rd quarter valued at approximately $6,331,000. Quantinno Capital Management LP raised its position in Vipshop by 16.9% in the third quarter. Quantinno Capital Management LP now owns 15,811 shares of the technology company's stock valued at $249,000 after purchasing an additional 2,284 shares during the period. Finally, National Bank of Canada FI lifted its stake in Vipshop by 3,647.0% during the third quarter. National Bank of Canada FI now owns 389,799 shares of the technology company's stock worth $6,132,000 after purchasing an additional 379,396 shares in the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VIPS has been the subject of a number of research reports. Barclays lifted their price objective on Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Citigroup lowered shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research note on Tuesday, April 1st. Finally, StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $15.30.

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Vipshop Price Performance

VIPS stock opened at $14.08 on Friday. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $17.94. The firm has a market capitalization of $7.23 billion, a P/E ratio of 6.74, a P/E/G ratio of 1.52 and a beta of 0.53. The business's 50-day moving average is $15.61 and its two-hundred day moving average is $14.65.

Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly 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). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The firm had revenue of $4.55 billion during the quarter, compared to analysts' expectations of $3.82 billion. On average, analysts expect that Vipshop Holdings Limited will post 1.95 EPS for the current year.

Vipshop Dividend Announcement

The firm also recently declared 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 dividend payout ratio is presently 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.

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