Vipshop Holdings Limited (NYSE:VIPS) Stake Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 569,919 shares of the technology company’s stock after acquiring an additional 47,825 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Vipshop were worth $10,122,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Natixis bought a new stake in Vipshop in the fourth quarter worth about $27,000. Castleview Partners LLC acquired a new position in shares of Vipshop in the 2nd quarter worth approximately $38,000. Impact Partnership Wealth LLC bought a new stake in shares of Vipshop in the 3rd quarter worth approximately $41,000. Blue Trust Inc. lifted its stake in Vipshop by 243.5% during the fourth quarter. Blue Trust Inc. now owns 3,140 shares of the technology company’s stock valued at $56,000 after purchasing an additional 2,226 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in Vipshop by 65.6% during the fourth quarter. Global Retirement Partners LLC now owns 3,692 shares of the technology company’s stock worth $66,000 after buying an additional 1,462 shares in the last quarter. Institutional investors own 48.82% of the company’s stock.

Wall Street Analysts Forecast Growth

VIPS has been the topic of several research reports. HSBC dropped their price target on Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. StockNews.com lowered Vipshop from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Benchmark reissued a “buy” rating and issued a $29.00 price target on shares of Vipshop in a research note on Thursday, February 29th. TheStreet upgraded Vipshop from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Finally, Citigroup raised their target price on shares of Vipshop from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Vipshop presently has a consensus rating of “Moderate Buy” and an average price target of $21.13.

Vipshop Trading Down 5.0 %

Shares of Vipshop stock opened at $16.25 on Friday. Vipshop Holdings Limited has a 1 year low of $13.80 and a 1 year high of $20.19. The stock has a 50-day moving average price of $17.17 and a 200 day moving average price of $16.27. The company has a market cap of $9.52 billion, a P/E ratio of 8.00 and a beta of 0.41.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $5.15. Vipshop had a net margin of 7.20% and a return on equity of 23.19%. The business had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.18 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year. On average, equities analysts forecast that Vipshop Holdings Limited will post 2.25 earnings per share for the current fiscal year.

Vipshop Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, April 8th. Stockholders of record on Friday, March 15th were issued a dividend of $0.43 per share. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, March 14th. Vipshop’s dividend payout ratio is currently 20.20%.

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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.