Massachusetts Financial Services Co. MA Sells 473,508 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Massachusetts Financial Services Co. MA cut its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,354,998 shares of the technology company's stock after selling 473,508 shares during the period. Massachusetts Financial Services Co. MA owned 0.85% of Vipshop worth $58,662,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VIPS shares. Barclays increased 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. Citigroup downgraded 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. Finally, StockNews.com raised shares of Vipshop from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Five investment 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 company currently has a consensus rating of "Hold" and an average price target of $15.30.

Vipshop Stock Performance

Shares of VIPS traded down $0.27 during mid-day trading on Thursday, reaching $13.02. 1,127,090 shares of the company's stock traded hands, compared to its average volume of 3,867,799. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $17.94. The stock has a market capitalization of $6.68 billion, a P/E ratio of 6.23, a price-to-earnings-growth ratio of 1.52 and a beta of 0.53. The business's 50-day moving average price is $15.45 and its 200-day moving average price is $14.64.

Vipshop (NYSE:VIPS - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. Equities research analysts anticipate that Vipshop Holdings Limited will post 1.95 EPS for the current year.

Vipshop Announces Dividend

The company also recently declared an annual dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a dividend yield of 2.9%. 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.