Zurcher Kantonalbank Zurich Cantonalbank Cuts Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 30.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 572,287 shares of the technology company's stock after selling 254,372 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.10% of Vipshop worth $10,164,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of Vipshop by 18.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the technology company's stock worth $65,000 after acquiring an additional 730 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Vipshop by 8.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,460 shares of the technology company's stock valued at $183,000 after purchasing an additional 905 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in shares of Vipshop by 0.3% during the third quarter. Banque Cantonale Vaudoise now owns 345,988 shares of the technology company's stock valued at $5,539,000 after purchasing an additional 988 shares during the last quarter. Wetherby Asset Management Inc. raised its position in shares of Vipshop by 4.0% in the 1st quarter. Wetherby Asset Management Inc. now owns 31,740 shares of the technology company's stock worth $482,000 after purchasing an additional 1,208 shares during the last quarter. Finally, DGS Capital Management LLC grew its position in Vipshop by 3.5% during the 4th quarter. DGS Capital Management LLC now owns 38,052 shares of the technology company's stock valued at $676,000 after purchasing an additional 1,296 shares during the last quarter. Hedge funds and other institutional investors own 48.82% of the company's stock.

Vipshop Price Performance

Shares of VIPS stock traded up $0.01 on Friday, hitting $15.16. 3,294,352 shares of the stock traded hands, compared to its average volume of 3,517,521. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 7.47 and a beta of 0.41. The firm has a 50 day simple moving average of $17.06 and a two-hundred day simple moving average of $16.27. Vipshop Holdings Limited has a 52 week low of $13.80 and a 52 week high of $20.19.

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

Vipshop Announces Dividend

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

Wall Street Analysts Forecast Growth

VIPS has been the topic of a number of research analyst reports. Benchmark reaffirmed a "buy" rating and set a $29.00 price target on shares of Vipshop in a report on Thursday, February 29th. StockNews.com raised shares of Vipshop from a "buy" rating to a "strong-buy" rating in a report on Friday. HSBC decreased their price objective on shares of Vipshop from $22.90 to $19.00 and set a "hold" rating for the company in a report on Thursday, March 28th. Finally, Citigroup raised their target price on shares of Vipshop from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Vipshop has a consensus rating of "Buy" and an average price target of $21.13.

About Vipshop

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.