Allspring Global Investments Holdings LLC Reduces Position in Vipshop Holdings Limited (NYSE:VIPS)

Allspring Global Investments Holdings LLC trimmed its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,322,209 shares of the technology company's stock after selling 310,782 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.08% of Vipshop worth $112,282,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Natixis acquired a new stake in shares of Vipshop in the fourth quarter valued at about $27,000. Castleview Partners LLC acquired a new stake in shares of Vipshop in the second quarter valued at about $38,000. Impact Partnership Wealth LLC acquired a new stake in shares of Vipshop in the third quarter valued at about $41,000. Blue Trust Inc. grew its stake in shares of Vipshop by 243.5% in the fourth quarter. Blue Trust Inc. now owns 3,140 shares of the technology company's stock valued at $56,000 after buying an additional 2,226 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Vipshop by 65.6% in the fourth quarter. Global Retirement Partners LLC now owns 3,692 shares of the technology company's stock valued at $66,000 after buying an additional 1,462 shares in the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VIPS. StockNews.com upgraded Vipshop from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 16th. HSBC lowered their price objective on Vipshop from $22.90 to $19.00 and set a "hold" rating for the company in a research note on Thursday, March 28th. Citigroup raised their price objective on Vipshop from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, January 23rd. TheStreet upgraded Vipshop from a "c+" rating to a "b-" rating in a research note on Thursday, December 21st. Finally, Benchmark restated a "buy" rating and set a $29.00 price objective on shares of Vipshop in a research note on Thursday, February 29th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $21.13.

Vipshop Stock Up 1.5 %

Shares of VIPS traded up $0.25 during mid-day trading on Tuesday, hitting $17.09. The stock had a trading volume of 2,558,415 shares, compared to its average volume of 3,552,460. The company has a market cap of $10.01 billion, a PE ratio of 8.42 and a beta of 0.41. The company's fifty day simple moving average is $17.13 and its two-hundred day simple moving average is $16.25. Vipshop Holdings Limited has a fifty-two week low of $13.80 and a fifty-two week high of $20.19.

Vipshop (NYSE:VIPS - Get Free Report) last issued its earnings results on Wednesday, February 28th. The technology company reported $5.79 EPS for the quarter, topping the consensus estimate of $0.64 by $5.15. The company had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.18 billion. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. The business's revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. Equities analysts expect that Vipshop Holdings Limited will post 2.25 earnings per share for the current year.

Vipshop Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, April 8th. Investors of record on Friday, March 15th were issued a $0.43 dividend. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, March 14th. Vipshop's dividend payout ratio (DPR) is 20.20%.

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.