BRIGHT VALLEY CAPITAL Ltd Sells 2,010,000 Shares of Vipshop Holdings Limited (NYSE:VIPS)

BRIGHT VALLEY CAPITAL Ltd cut its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 90.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 210,000 shares of the technology company's stock after selling 2,010,000 shares during the quarter. Vipshop accounts for 1.2% of BRIGHT VALLEY CAPITAL Ltd's investment portfolio, making the stock its 9th biggest holding. BRIGHT VALLEY CAPITAL Ltd's holdings in Vipshop were worth $2,829,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock worth $134,000 after purchasing an additional 1,487 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Vipshop in the fourth quarter worth $161,000. Atomi Financial Group Inc. lifted its position in shares of 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 acquiring an additional 1,191 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Vipshop during the fourth quarter valued at $165,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Vipshop during the 4th quarter worth about $175,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Vipshop Stock Down 1.1 %

Shares of VIPS stock traded down $0.15 during trading hours on Friday, hitting $13.87. 4,571,309 shares of the company were exchanged, compared to its average volume of 3,900,037. The firm has a fifty day moving average of $14.66 and a 200 day moving average of $14.27. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $17.94. The firm has a market cap of $7.12 billion, a PE ratio of 6.64, a PEG ratio of 1.52 and a beta of 0.60.

Vipshop (NYSE:VIPS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.05). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The company had revenue of $4.55 billion for the quarter, compared to analysts' expectations of $3.82 billion. Analysts expect that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.

Vipshop Announces Dividend

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

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.