Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 19.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,523 shares of the technology company’s stock after selling 6,274 shares during the period. Vontobel Holding Ltd.’s holdings in Vipshop were worth $471,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Vipshop by 8.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,460 shares of the technology company’s stock valued at $183,000 after buying an additional 905 shares during the period. Banque Cantonale Vaudoise boosted its stake in Vipshop by 0.3% during the 3rd quarter. Banque Cantonale Vaudoise now owns 345,988 shares of the technology company’s stock valued at $5,539,000 after purchasing an additional 988 shares during the period. Global Retirement Partners LLC boosted its stake in Vipshop by 65.6% during the 4th quarter. Global Retirement Partners LLC now owns 3,692 shares of the technology company’s stock valued at $66,000 after purchasing an additional 1,462 shares during the period. Daiwa Securities Group Inc. boosted its stake in Vipshop by 5.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 27,400 shares of the technology company’s stock valued at $439,000 after purchasing an additional 1,500 shares during the period. Finally, iA Global Asset Management Inc. boosted its stake in Vipshop by 16.6% during the 3rd quarter. iA Global Asset Management Inc. now owns 14,935 shares of the technology company’s stock valued at $239,000 after purchasing an additional 2,124 shares during the period. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Trading Up 2.9 %

Shares of NYSE:VIPS opened at $15.60 on Tuesday. The company has a 50 day moving average of $17.03 and a 200-day moving average of $16.28. The firm has a market cap of $9.14 billion, a P/E ratio of 7.68 and a beta of 0.41. Vipshop Holdings Limited has a twelve month low of $13.80 and a twelve month high of $20.19.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share 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 company 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 business posted $0.47 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities research analysts forecast that Vipshop Holdings Limited will post 2.25 EPS for the current year.

Vipshop Dividend Announcement

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

Analyst Ratings Changes

VIPS has been the subject of a number of analyst reports. HSBC reduced their target price on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. Citigroup boosted their target price on shares of Vipshop from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. StockNews.com raised shares of Vipshop from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, Benchmark reaffirmed a “buy” rating and issued a $29.00 price target on shares of Vipshop in a research note on Thursday, February 29th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Vipshop has an average rating of “Buy” and an average target price of $21.13.

Vipshop Company 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.