Comgest Global Investors S.A.S. Lowers Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Comgest Global Investors S.A.S. lowered its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 12.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 200,644 shares of the technology company's stock after selling 28,520 shares during the period. Comgest Global Investors S.A.S.'s holdings in Vipshop were worth $2,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. lifted its holdings in Vipshop by 28.4% in the fourth quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company's stock valued at $104,516,000 after acquiring an additional 1,718,159 shares during the period. Cerity Partners LLC raised its position in shares of Vipshop by 60.0% in the fourth quarter. Cerity Partners LLC now owns 56,906 shares of the technology company's stock worth $769,000 after acquiring an additional 21,335 shares during the period. Polymer Capital Management HK LTD boosted its stake in shares of Vipshop by 2,302.0% during the 4th quarter. Polymer Capital Management HK LTD now owns 267,300 shares of the technology company's stock worth $3,601,000 after acquiring an additional 256,172 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Vipshop by 11.9% during the 4th quarter. Russell Investments Group Ltd. now owns 1,196,919 shares of the technology company's stock valued at $15,973,000 after acquiring an additional 127,423 shares during the period. Finally, Aviva PLC raised its holdings in 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 period. Institutional investors and hedge funds own 48.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VIPS. Barclays boosted their price target on shares of Vipshop from $19.00 to $20.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company. in a research report 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 company. Based on data from MarketBeat, Vipshop presently has an average rating of "Hold" and a consensus target price of $15.30.

Vipshop Price Performance

VIPS traded up $0.05 on Friday, reaching $12.44. 3,170,374 shares of the company's stock were exchanged, compared to its average volume of 3,921,714. The stock has a market cap of $6.38 billion, a PE ratio of 5.95, a P/E/G ratio of 1.52 and a beta of 0.53. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $17.94. The stock's fifty day moving average price is $15.14 and its 200-day moving average price is $14.51.

Vipshop (NYSE:VIPS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. As a group, research analysts predict that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.

Vipshop Announces Dividend

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 issued a $0.43 dividend. The ex-dividend date is Friday, April 11th. This represents a yield of 2.9%. Vipshop's payout ratio is 24.24%.

Vipshop Company 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.