Cerity Partners LLC raised its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 60.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,906 shares of the technology company's stock after purchasing an additional 21,335 shares during the quarter. Cerity Partners LLC's holdings in Vipshop were worth $769,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. grew its stake 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 purchasing an additional 1,487 shares during the last quarter. Atomi Financial Group Inc. grew its stake in Vipshop by 10.8% in the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock valued at $165,000 after purchasing an additional 1,191 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in Vipshop in the fourth quarter valued at about $165,000. Wilmington Savings Fund Society FSB purchased a new position in Vipshop in the fourth quarter valued at about $175,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Vipshop in the fourth quarter valued at about $210,000. 48.82% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on VIPS shares. Citigroup cut shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company. in a report on Tuesday, April 1st. StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Finally, Barclays raised their target price on shares of Vipshop from $19.00 to $20.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Vipshop currently has a consensus rating of "Hold" and an average target price of $15.30.
Read Our Latest Stock Report on VIPS
Vipshop Stock Up 1.1 %
Shares of NYSE VIPS traded up $0.14 during trading on Thursday, hitting $13.07. The company had a trading volume of 1,017,963 shares, compared to its average volume of 3,914,952. The stock has a fifty day simple moving average of $14.98 and a two-hundred day simple moving average of $14.42. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 6.25, a price-to-earnings-growth ratio of 1.52 and a beta of 0.53.
Vipshop (NYSE:VIPS - Get Free Report) last announced its earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05). Vipshop had a net margin of 7.50% and a return on equity of 20.89%. The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $3.82 billion. On average, analysts anticipate that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.
Vipshop Announces Dividend
The business also recently announced an annual dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.43 dividend. The ex-dividend date is Friday, April 11th. This represents a dividend yield of 2.9%. Vipshop's dividend payout ratio (DPR) is 24.24%.
About Vipshop
(
Free Report)
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.
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