Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 830,081 shares of the technology company’s stock after selling 42,321 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.14% of Vipshop worth $14,742,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VIPS. Impact Partnership Wealth LLC acquired a new stake in Vipshop in the third quarter worth about $41,000. Blue Trust Inc. boosted its holdings in Vipshop by 243.5% in the fourth quarter. Blue Trust Inc. now owns 3,140 shares of the technology company’s stock worth $56,000 after acquiring an additional 2,226 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of 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 purchasing an additional 1,462 shares during the period. Tucker Asset Management LLC acquired a new stake in shares of Vipshop during the third quarter worth about $152,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Vipshop by 8.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,460 shares of the technology company’s stock worth $183,000 after purchasing an additional 905 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Price Performance

Vipshop stock opened at $15.60 on Tuesday. The stock has a market capitalization of $9.14 billion, a PE ratio of 7.68 and a beta of 0.41. Vipshop Holdings Limited has a 12 month low of $13.80 and a 12 month high of $20.19. The business has a 50 day simple moving average of $17.03 and a 200-day simple moving average of $16.28.

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

Vipshop Announces Dividend

The company also recently declared an annual dividend, which was paid on Monday, April 8th. Investors of record on Friday, March 15th were given 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 payout ratio is 20.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on VIPS shares. HSBC decreased their target price on Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Benchmark reissued a “buy” rating and issued a $29.00 price target on shares of Vipshop in a report on Thursday, February 29th. StockNews.com upgraded Vipshop from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Citigroup boosted their price objective on Vipshop from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $21.13.

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