Handelsbanken Fonder AB Sells 90,926 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Handelsbanken Fonder AB decreased its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 28.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 230,040 shares of the technology company's stock after selling 90,926 shares during the quarter. Handelsbanken Fonder AB's holdings in Vipshop were worth $4,086,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC increased its position in shares of Vipshop by 56.4% in the fourth quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company's stock valued at $35,000 after acquiring an additional 708 shares during the period. Rakuten Securities Inc. bought a new stake in shares of Vipshop during the 4th quarter valued at about $36,000. Impact Partnership Wealth LLC bought a new stake in shares of Vipshop during the 3rd quarter valued at about $41,000. Blue Trust Inc. boosted its stake in shares of Vipshop by 243.5% during the 4th quarter. Blue Trust Inc. now owns 3,140 shares of the technology company's stock valued at $56,000 after purchasing an additional 2,226 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of Vipshop by 65.6% during the 4th quarter. Global Retirement Partners LLC now owns 3,692 shares of the technology company's stock valued at $66,000 after purchasing an additional 1,462 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VIPS shares. Citigroup lifted their target price on shares of Vipshop from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, January 23rd. HSBC cut their target price on shares of Vipshop from $22.90 to $19.00 and set a "hold" rating on the stock in a research note on Thursday, March 28th. StockNews.com raised shares of Vipshop from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 19th. Finally, Benchmark reissued a "buy" rating and set a $29.00 price objective on shares of Vipshop in a research note on Thursday, February 29th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $21.13.

Vipshop Price Performance

NYSE:VIPS traded down $0.01 during mid-day trading on Friday, hitting $15.73. 3,467,223 shares of the company's stock were exchanged, compared to its average volume of 3,535,610. Vipshop Holdings Limited has a one year low of $13.80 and a one year high of $20.19. The business has a fifty day moving average price of $16.96 and a 200 day moving average price of $16.27. The company has a market cap of $9.22 billion, a PE ratio of 7.75 and a beta of 0.41.

Vipshop (NYSE:VIPS - Get Free Report) last issued 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. The firm had revenue of $34.67 billion for the quarter, compared to the consensus estimate of $33.18 billion. Vipshop had a net margin of 7.20% and a return on equity of 23.19%. The business's revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share. On average, equities analysts forecast that Vipshop Holdings Limited will post 2.24 EPS for the current fiscal year.

Vipshop Announces Dividend

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