Russell Investments Group Ltd. Purchases 196,559 Shares of Vipshop Holdings Limited $VIPS

Key Points

• Russell Investments Group Ltd. boosted its stake in Vipshop by 15.4%, buying 196,559 shares to own 1,474,682 shares (about 0.29% of the company) valued at roughly $28.37 million.
• Vipshop raised its annual dividend to $0.62 per share (up from $0.43); the record and ex-dividend date is April 10 and the payment date is April 24.
• The stock has a market cap of $8.05 billion, a P/E of 7.89 and a 52-week range of $12.14–$21.08, and analysts’ consensus is a Moderate Buy with a $20.65 target price.

Russell Investments Group Ltd. boosted its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 15.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,474,682 shares of the technology company's stock after purchasing an additional 196,559 shares during the period. Russell Investments Group Ltd. owned about 0.29% of Vipshop worth $28,369,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. D Orazio & Associates Inc. boosted its stake in shares of Vipshop by 4.3% during the 3rd quarter. D Orazio & Associates Inc. now owns 15,119 shares of the technology company's stock worth $297,000 after acquiring an additional 618 shares during the period. Advisors Asset Management Inc. raised its stake in Vipshop by 3.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 23,072 shares of the technology company's stock valued at $347,000 after acquiring an additional 664 shares during the period. Lester Murray Antman dba SimplyRich raised its stake in Vipshop by 0.5% in the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 146,753 shares of the technology company's stock valued at $2,882,000 after acquiring an additional 685 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Vipshop by 0.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 121,975 shares of the technology company's stock valued at $2,396,000 after purchasing an additional 693 shares during the last quarter. Finally, Huntington National Bank boosted its position in Vipshop by 36.3% during the third quarter. Huntington National Bank now owns 4,530 shares of the technology company's stock worth $89,000 after purchasing an additional 1,207 shares during the period. Institutional investors own 48.82% of the company's stock.

Vipshop Price Performance

Shares of NYSE VIPS opened at $15.71 on Friday. The business has a fifty day moving average price of $17.32 and a two-hundred day moving average price of $18.31. The stock has a market capitalization of $8.05 billion, a PE ratio of 7.89, a P/E/G ratio of 1.30 and a beta of 0.67. Vipshop Holdings Limited has a fifty-two week low of $12.14 and a fifty-two week high of $21.08.

Vipshop Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be given a dividend of $0.62 per share. This is a positive change from Vipshop's previous annual dividend of $0.43. This represents a yield of 342.0%. The ex-dividend date of this dividend is Friday, April 10th. Vipshop's dividend payout ratio (DPR) is currently 24.12%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Jefferies Financial Group reiterated a "buy" rating on shares of Vipshop in a report on Thursday, February 26th. Weiss Ratings restated a "hold (c)" rating on shares of Vipshop in a research note on Monday, December 29th. JPMorgan Chase & Co. upped their price target on shares of Vipshop from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Friday, November 21st. Barclays increased their price target on shares of Vipshop from $19.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, November 21st. Finally, Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Sunday, January 4th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.65.

Vipshop Company 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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