Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 74.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,825 shares of the technology company's stock after selling 314,591 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Vipshop were worth $1,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in VIPS. Lingohr Asset Management GmbH bought a new stake in shares of Vipshop during the third quarter valued at approximately $921,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Vipshop by 179.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company's stock valued at $62,670,000 after acquiring an additional 2,558,896 shares in the last quarter. FMR LLC raised its stake in shares of Vipshop by 8.5% during the third quarter. FMR LLC now owns 2,071,160 shares of the technology company's stock valued at $32,579,000 after acquiring an additional 162,027 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Vipshop by 9.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,059 shares of the technology company's stock valued at $13,340,000 after acquiring an additional 75,590 shares in the last quarter. Finally, Caas Capital Management LP bought a new stake in shares of Vipshop during the fourth quarter valued at approximately $1,327,000. Institutional investors own 48.82% of the company's stock.

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Vipshop Stock Down 2.1 %

VIPS stock traded down $0.36 during trading on Friday, hitting $16.29. 5,000,073 shares of the company's stock traded hands, compared to its average volume of 3,765,232. The firm has a market capitalization of $8.36 billion, a P/E ratio of 7.79, a PEG ratio of 1.52 and a beta of 0.30. The business has a fifty day simple moving average of $15.19 and a two-hundred day simple moving average of $14.43. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $17.94.

Vipshop (NYSE:VIPS - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts predict 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 $0.43 dividend. This represents a yield of 2.9%. The ex-dividend date is Friday, April 11th. Vipshop's dividend payout ratio is currently 24.24%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on VIPS shares. StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Barclays lifted their price target on shares of Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $15.75.

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.