Allspring Global Investments Holdings LLC Reduces Holdings in Vipshop Holdings Limited $VIPS

Key Points

• Allspring Global Investments cut its Vipshop stake by 99.4% in Q4, selling 1,802,391 shares and leaving it with 11,210 shares valued at about $199,000.
• Other large institutions added to positions — Invesco increased to 16,715,656 shares (~$328.3M) and Krane Funds to 17,185,535 shares (~$320.4M) — and institutional investors now own 48.82% of the company.
• Wall Street has a consensus rating of Moderate Buy (average target $20.48), Vipshop raised its annual dividend to $0.62 (ex-dividend April 10), and the stock trades around $14.82 with a $7.6B market cap.

Allspring Global Investments Holdings LLC decreased its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 99.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,210 shares of the technology company's stock after selling 1,802,391 shares during the period. Allspring Global Investments Holdings LLC's holdings in Vipshop were worth $199,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Invesco Ltd. boosted its position in shares of Vipshop by 87.2% during the 3rd quarter. Invesco Ltd. now owns 16,715,656 shares of the technology company's stock worth $328,295,000 after purchasing an additional 7,785,027 shares during the period. Krane Funds Advisors LLC boosted its position in shares of Vipshop by 24.9% during the 3rd quarter. Krane Funds Advisors LLC now owns 17,185,535 shares of the technology company's stock worth $320,424,000 after purchasing an additional 3,426,079 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Vipshop by 29.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company's stock worth $77,326,000 after purchasing an additional 1,126,983 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Vipshop during the 2nd quarter worth approximately $14,526,000. Finally, Clark Capital Management Group Inc. purchased a new position in shares of Vipshop during the 3rd quarter worth approximately $18,302,000. Hedge funds and other institutional investors own 48.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VIPS. JPMorgan Chase & Co. lowered their price objective on shares of Vipshop from $22.00 to $21.00 and set an "overweight" rating for the company in a research report on Tuesday, March 31st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Vipshop in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vipshop in a research report on Friday, March 27th. Zacks Research raised shares of Vipshop from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 20th. Finally, Nomura raised shares of Vipshop from a "neutral" rating to a "buy" rating and set a $22.00 price objective for the company in a research report on Friday, February 27th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.48.

Vipshop Stock Performance

NYSE VIPS opened at $14.82 on Tuesday. The firm has a market cap of $7.60 billion, a PE ratio of 7.44, a P/E/G ratio of 1.24 and a beta of 0.76. Vipshop Holdings Limited has a one year low of $12.14 and a one year high of $21.08. The firm's fifty day moving average is $16.37 and its two-hundred day moving average is $17.98.

Vipshop Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, April 10th. This is a positive change from Vipshop's previous annual dividend of $0.43. This represents a dividend yield of 411.0%. Vipshop's payout ratio is presently 30.15%.

Vipshop Profile

Vipshop Holdings Limited NYSE: VIPS is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.

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