Northern Trust Corp Buys 1,236,106 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Northern Trust Corp increased its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 91.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,591,643 shares of the technology company's stock after purchasing an additional 1,236,106 shares during the period. Northern Trust Corp owned approximately 0.50% of Vipshop worth $34,909,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock worth $134,000 after purchasing an additional 1,487 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Vipshop in the fourth quarter valued at approximately $161,000. Atomi Financial Group Inc. grew its stake in Vipshop by 10.8% in the fourth 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 in the last quarter. Vontobel Holding Ltd. purchased a new position in Vipshop during the 4th quarter worth $165,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Vipshop during the 4th quarter valued at $175,000. Institutional investors own 48.82% of the company's stock.

Wall Street Analyst Weigh In

VIPS has been the topic of a number of recent research reports. Barclays increased their price target on Vipshop from $19.00 to $20.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Citigroup lowered shares of 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. Finally, StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $15.30.

Vipshop Stock Performance

NYSE:VIPS opened at $13.87 on Friday. The company's 50-day simple moving average is $14.66 and its 200-day simple moving average is $14.27. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The stock has a market capitalization of $7.12 billion, a P/E ratio of 6.64, a P/E/G ratio of 1.52 and a beta of 0.60.

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

Vipshop Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid 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 payout ratio is 24.24%.

Vipshop 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.

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