Harvest Fund Management Co. Ltd trimmed its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 56.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 129,943 shares of the technology company's stock after selling 168,257 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Vipshop were worth $1,749,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised its stake 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 purchasing an additional 1,487 shares during the period. Atomi Financial Group Inc. raised its stake in shares of Vipshop by 10.8% during the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock valued at $165,000 after purchasing an additional 1,191 shares during the period. Vontobel Holding Ltd. bought a new stake in shares of Vipshop during the 4th quarter valued at $165,000. Polymer Capital Management HK LTD bought a new stake in shares of Vipshop during the 3rd quarter valued at $175,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Vipshop in the 4th quarter worth about $175,000. 48.82% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on VIPS. Barclays upped their target price on Vipshop from $19.00 to $20.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. StockNews.com upgraded Vipshop from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Benchmark restated a "hold" rating on shares of Vipshop in a research note on Wednesday, November 20th. Finally, Citigroup decreased their target price on Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $15.75.
Check Out Our Latest Research Report on VIPS
VIPS opened at $16.95 on Thursday. The stock has a 50-day moving average price of $15.05 and a 200-day moving average price of $14.39. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $18.08. The stock has a market capitalization of $8.70 billion, a P/E ratio of 8.11, a PEG ratio of 1.52 and a beta of 0.30.
Vipshop (NYSE:VIPS - Get Free Report) last posted its quarterly earnings data 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, equities research analysts predict that Vipshop Holdings Limited will post 1.95 EPS for the current year.
The business also recently announced 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. 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 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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