Resona Asset Management Co. Ltd. Acquires New Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Resona Asset Management Co. Ltd. acquired a new stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 77,521 shares of the technology company's stock, valued at approximately $1,043,000.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock valued at $134,000 after buying an additional 1,487 shares during the last quarter. Atomi Financial Group Inc. lifted its position in Vipshop by 10.8% during the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock worth $165,000 after acquiring an additional 1,191 shares during the period. Vontobel Holding Ltd. purchased a new position in Vipshop in the 4th quarter valued at $165,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Vipshop in the fourth quarter valued at about $175,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Vipshop during the 4th quarter worth approximately $210,000. Hedge funds and other institutional investors own 48.82% of the company's stock.

Vipshop Stock Down 0.5 %

NYSE VIPS traded down $0.07 on Wednesday, hitting $12.51. The stock had a trading volume of 751,954 shares, compared to its average volume of 3,858,355. The company's 50-day moving average is $15.30 and its two-hundred day moving average is $14.58. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 5.98, a P/E/G ratio of 1.52 and a beta of 0.53. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $17.94.

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

Vipshop Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.43 dividend. This represents a yield of 2.9%. The ex-dividend date is Friday, April 11th. Vipshop's dividend payout ratio is currently 24.24%.

Analysts Set New Price Targets

VIPS has been the subject of several research analyst reports. Barclays raised their price objective on Vipshop from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Finally, Citigroup downgraded Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price on the stock. in a research report on Tuesday, April 1st. 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 presently has a consensus rating of "Hold" and a consensus target price of $15.30.

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