Envestnet Asset Management Inc. Sells 40,403 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Envestnet Asset Management Inc. decreased its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 49.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,384 shares of the technology company's stock after selling 40,403 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Vipshop were worth $557,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VIPS. Blue Trust Inc. boosted its stake in shares of Vipshop by 17.5% during 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 in the last quarter. Atomi Financial Group Inc. increased its position in 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. bought a new position in shares of Vipshop during the fourth quarter valued at $165,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Vipshop during the fourth quarter worth $175,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Vipshop in the fourth quarter worth $210,000. Institutional investors own 48.82% of the company's stock.

Vipshop Trading Down 1.3 %

NYSE VIPS traded down $0.18 on Friday, hitting $13.84. 1,084,115 shares of the company were exchanged, compared to its average volume of 3,812,802. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $17.94. The company has a market cap of $7.10 billion, a PE ratio of 6.62, a PEG ratio of 1.52 and a beta of 0.60. The stock has a fifty day moving average of $14.70 and a 200-day moving average of $14.27.

Vipshop (NYSE:VIPS - Get Free Report) last issued its earnings results 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 firm 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%. On average, analysts expect that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.

Vipshop Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on VIPS shares. Citigroup downgraded 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. StockNews.com upgraded shares of Vipshop from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Finally, Barclays increased their price objective on shares of Vipshop from $19.00 to $20.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Vipshop has a consensus rating of "Hold" and an average price target of $15.30.

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.