JPMorgan Chase & Co. Sells 707,245 Shares of Vipshop Holdings Limited $VIPS

Key Points

• JPMorgan Chase trimmed its Vipshop stake by 27.1%, selling 707,245 shares in Q3 and now holds 1,899,868 shares (about 0.37% of the company) worth roughly $37.3 million.
• Vipshop raised its annual dividend to $0.62 per share (up from $0.43), payable April 24 with a record/ex-dividend date of April 10.
• The stock trades near $15.39 with a market cap of $7.89 billion and a P/E of 7.74, and analysts have a consensus rating of "Moderate Buy" with an average price target of $20.65.

JPMorgan Chase & Co. cut its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 27.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,899,868 shares of the technology company's stock after selling 707,245 shares during the quarter. JPMorgan Chase & Co. owned about 0.37% of Vipshop worth $37,313,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VIPS. Swiss Life Asset Management Ltd raised its holdings in Vipshop by 20.7% in the third quarter. Swiss Life Asset Management Ltd now owns 44,005 shares of the technology company's stock worth $864,000 after purchasing an additional 7,534 shares in the last quarter. Danske Bank A S bought a new stake in shares of Vipshop during the 3rd quarter valued at $3,591,000. XTX Topco Ltd purchased a new stake in shares of Vipshop in the 3rd quarter worth about $572,000. Voloridge Investment Management LLC purchased a new stake in shares of Vipshop in the 3rd quarter worth about $9,625,000. Finally, Verity Asset Management Inc. bought a new position in shares of Vipshop in the 3rd quarter worth about $483,000. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Stock Performance

Shares of VIPS stock opened at $15.39 on Friday. The company has a market capitalization of $7.89 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 1.26 and a beta of 0.67. Vipshop Holdings Limited has a one year low of $12.14 and a one year high of $21.08. The company's 50-day moving average is $17.05 and its 200 day moving average is $18.27.

Vipshop Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be issued a dividend of $0.62 per share. This represents a dividend yield of 342.0%. The ex-dividend date of this dividend is Friday, April 10th. This is a boost from Vipshop's previous annual dividend of $0.43. Vipshop's payout ratio is 24.12%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VIPS shares. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Sunday, January 4th. Nomura raised shares of Vipshop from a "neutral" rating to a "buy" rating and set a $22.00 target price for the company in a research note on Friday, February 27th. Zacks Research upgraded shares of Vipshop from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 20th. Jefferies Financial Group reissued a "buy" rating on shares of Vipshop in a research report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vipshop in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $20.65.

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.

Want to see what other hedge funds are holding VIPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vipshop Holdings Limited (NYSE:VIPS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.