Geode Capital Management LLC Has $47.93 Million Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Geode Capital Management LLC raised its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,571,808 shares of the technology company's stock after purchasing an additional 315,064 shares during the quarter. Geode Capital Management LLC owned about 0.70% of Vipshop worth $47,929,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Vipshop during the 4th quarter valued at approximately $64,115,000. Polaris Capital Management LLC acquired a new stake in Vipshop during the fourth quarter worth about $63,095,000. JPMorgan Chase & Co. lifted its holdings in shares of Vipshop by 53.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,597,664 shares of the technology company's stock worth $34,991,000 after purchasing an additional 908,669 shares during the last quarter. Nan Fung Trinity HK Ltd. acquired a new position in shares of Vipshop during the fourth quarter valued at $5,026,000. Finally, Wellington Management Group LLP grew its position in shares of Vipshop by 378.0% during the fourth quarter. Wellington Management Group LLP now owns 465,352 shares of the technology company's stock worth $6,268,000 after acquiring an additional 367,999 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Stock Up 0.4 %

Shares of NYSE:VIPS traded up $0.05 on Friday, reaching $12.44. The company had a trading volume of 3,170,374 shares, compared to its average volume of 3,924,234. The stock has a market capitalization of $6.38 billion, a P/E ratio of 5.95, a P/E/G ratio of 1.52 and a beta of 0.53. The stock has a 50-day moving average price of $15.14 and a 200 day moving average price of $14.49. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month 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 during the quarter, compared to the consensus estimate of $3.82 billion. On average, sell-side analysts predict that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.

Vipshop Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.43 per share. This represents a yield of 2.9%. The ex-dividend date of this dividend is Friday, April 11th. Vipshop's dividend payout ratio (DPR) is presently 24.24%.

Analyst Ratings Changes

VIPS has been the topic of a number of recent analyst reports. Citigroup cut Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a report on Tuesday, April 1st. StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, Barclays upped their price target on shares of Vipshop from $19.00 to $20.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.30.

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