CANADA LIFE ASSURANCE Co Increases Holdings in Vipshop Holdings Limited (NYSE:VIPS)

CANADA LIFE ASSURANCE Co grew its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 16.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 914,058 shares of the technology company's stock after acquiring an additional 130,737 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.18% of Vipshop worth $12,296,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of VIPS. Atomi Financial Group Inc. raised its position in Vipshop by 10.8% during the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock worth $165,000 after purchasing an additional 1,191 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Vipshop by 5.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company's stock valued at $349,000 after buying an additional 1,400 shares during the period. Blue Trust Inc. raised its position in shares of Vipshop by 17.5% during the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock worth $134,000 after acquiring an additional 1,487 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Vipshop by 3.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 44,100 shares of the technology company's stock worth $594,000 after acquiring an additional 1,500 shares during the period. Finally, Lester Murray Antman dba SimplyRich boosted its holdings in Vipshop by 1.0% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 151,159 shares of the technology company's stock valued at $2,036,000 after acquiring an additional 1,526 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.

Analysts Set New Price Targets

VIPS has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Vipshop from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Barclays boosted their target price on shares of Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Finally, Citigroup downgraded Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company. in a report on Tuesday, April 1st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $15.30.

Vipshop Stock Up 1.5 %

NYSE:VIPS traded up $0.19 during trading hours on Friday, reaching $13.26. The company had a trading volume of 2,649,815 shares, compared to its average volume of 3,926,032. The business's 50-day simple moving average is $14.91 and its two-hundred day simple moving average is $14.33. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 6.34, 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.

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

Vipshop Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a dividend of $0.43 per share. This represents a dividend yield of 2.9%. The ex-dividend date was Friday, April 11th. Vipshop's dividend payout ratio is currently 24.24%.

About Vipshop

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.