Lazard Asset Management LLC Buys 44,863 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Lazard Asset Management LLC grew its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,392,497 shares of the technology company's stock after acquiring an additional 44,863 shares during the quarter. Lazard Asset Management LLC owned about 0.27% of Vipshop worth $18,756,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VIPS. Blue Trust Inc. grew its position in Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock valued at $134,000 after acquiring an additional 1,487 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Vipshop during the 4th quarter valued at approximately $161,000. Atomi Financial Group Inc. boosted 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 buying an additional 1,191 shares during the last quarter. Vontobel Holding Ltd. bought a new position in Vipshop during the fourth quarter worth $165,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Vipshop during the fourth quarter worth $175,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Wall Street Analysts Forecast Growth

VIPS has been the topic of several analyst reports. StockNews.com raised Vipshop from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Barclays raised their price target on Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Finally, Citigroup lowered Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price on the stock. in a report on Tuesday, April 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $15.30.

Vipshop Trading Up 5.6%

NYSE VIPS traded up $0.82 during trading on Friday, reaching $15.32. 8,790,089 shares of the company's stock were exchanged, compared to its average volume of 3,918,744. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The firm has a market capitalization of $7.86 billion, a PE ratio of 7.33, a P/E/G ratio of 1.52 and a beta of 0.60. The company's fifty day simple moving average is $14.47 and its 200-day simple moving average is $14.29.

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). The business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $3.82 billion. Vipshop had a return on equity of 20.89% and a net margin of 7.50%. Equities analysts forecast that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.

Vipshop Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, April 11th. This represents a dividend yield of 2.9%. Vipshop's dividend payout ratio is 24.24%.

Vipshop Company Profile

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.