Deutsche Bank AG Sells 404,914 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Deutsche Bank AG lessened its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 29.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 972,620 shares of the technology company's stock after selling 404,914 shares during the quarter. Deutsche Bank AG owned about 0.19% of Vipshop worth $13,101,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes 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 purchasing an additional 1,487 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Vipshop in the 4th quarter valued at about $161,000. Atomi Financial Group Inc. raised its position in shares of Vipshop by 10.8% in the 4th 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 during the period. Vontobel Holding Ltd. acquired a new stake in shares of Vipshop in the 4th quarter valued at approximately $165,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Vipshop during the 4th quarter worth approximately $175,000. Institutional investors own 48.82% of the company's stock.

Analysts Set New Price Targets

VIPS has been the topic of several analyst reports. Barclays increased 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. Citigroup cut Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a research note on Tuesday, April 1st. Finally, StockNews.com upgraded Vipshop from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Vipshop presently has a consensus rating of "Hold" and an average target price of $15.30.

Vipshop Stock Up 1.2%

Shares of NYSE:VIPS traded up $0.19 during mid-day trading on Monday, reaching $15.52. 3,988,743 shares of the stock were exchanged, compared to its average volume of 3,914,613. The company has a market cap of $7.97 billion, a P/E ratio of 7.43, a P/E/G ratio of 1.52 and a beta of 0.60. The stock's 50 day simple moving average is $14.47 and its 200-day simple moving average is $14.29. 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 quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.05). The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. Vipshop had a return on equity of 20.89% and a net margin of 7.50%. Analysts anticipate that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.

Vipshop Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, April 11th. This represents a yield of 2.9%. Vipshop's payout ratio is presently 24.24%.

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.