Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 13.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,359,777 shares of the technology company's stock after selling 1,847,592 shares during the quarter. Vanguard Group Inc. owned 2.11% of Vipshop worth $197,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Natixis purchased a new stake in Vipshop during the 4th quarter worth about $27,000. Castleview Partners LLC purchased a new stake in Vipshop during the 2nd quarter worth about $38,000. Impact Partnership Wealth LLC purchased a new stake in Vipshop during the 3rd quarter worth about $41,000. PNC Financial Services Group Inc. lifted its holdings in Vipshop by 18.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the technology company's stock worth $65,000 after buying an additional 730 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Vipshop by 3,900.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,000 shares of the technology company's stock worth $132,000 after buying an additional 7,800 shares during the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Up 0.5 %

VIPS stock traded up $0.09 during trading on Friday, hitting $16.55. The company had a trading volume of 3,013,792 shares, compared to its average volume of 4,667,762. The firm has a market cap of $9.70 billion, a PE ratio of 8.15 and a beta of 0.43. Vipshop Holdings Limited has a 1-year low of $13.80 and a 1-year high of $20.19. The firm has a 50-day moving average price of $16.92 and a 200-day moving average price of $16.13.

Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $5.15. The firm had revenue of $34.67 billion for the quarter, compared to analysts' expectations of $33.18 billion. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. Sell-side analysts anticipate that Vipshop Holdings Limited will post 2.24 earnings per share for the current year.

Vipshop Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Monday, April 8th. Shareholders of record on Friday, March 15th will be given a dividend of $0.43 per share. This represents a yield of 2.3%. The ex-dividend date is Thursday, March 14th. Vipshop's payout ratio is 20.20%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. HSBC decreased their price target on Vipshop from $22.90 to $19.00 and set a "hold" rating for the company in a report on Thursday. Citigroup boosted their target price on Vipshop from $20.00 to $21.00 and gave the company a "buy" rating in a report on Tuesday, January 23rd. StockNews.com raised Vipshop from a "buy" rating to a "strong-buy" rating in a report on Friday, February 16th. Benchmark reissued a "buy" rating and issued a $29.00 target price on shares of Vipshop in a report on Thursday, February 29th. Finally, TheStreet raised Vipshop from a "c+" rating to a "b-" rating in a report on Thursday, December 21st. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $21.13.

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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.