SVB Wealth LLC Has $195,000 Position in Vipshop Holdings Limited (NYSE:VIPS)

SVB Wealth LLC cut its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,999 shares of the technology company’s stock after selling 1,278 shares during the quarter. SVB Wealth LLC’s holdings in Vipshop were worth $195,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions 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% during the fourth quarter. Blue Trust Inc. now owns 3,140 shares of the technology company’s stock worth $56,000 after buying an additional 2,226 shares during the last quarter. 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 during the last quarter. Tucker Asset Management LLC bought a new position in shares of Vipshop during the 3rd quarter valued at about $152,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Vipshop by 8.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,460 shares of the technology company’s stock valued at $183,000 after purchasing an additional 905 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Stock Performance

NYSE:VIPS opened at $15.80 on Wednesday. The stock has a fifty day moving average price of $17.01 and a 200-day moving average price of $16.28. The company has a market cap of $9.26 billion, a price-to-earnings ratio of 7.78 and a beta of 0.41. Vipshop Holdings Limited has a fifty-two week low of $13.80 and a fifty-two week high of $20.19.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $5.79 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $33.18 billion. During the same period in the prior year, the company earned $0.47 EPS. Vipshop’s revenue for the quarter was up 9.2% on a year-over-year basis. Research analysts predict that Vipshop Holdings Limited will post 2.25 EPS for the current fiscal year.

Vipshop Dividend Announcement

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

Wall Street Analysts Forecast Growth

VIPS has been the topic of several research reports. StockNews.com upgraded Vipshop from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 19th. Citigroup boosted their target price on Vipshop from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. HSBC decreased their target price on Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Finally, Benchmark restated a “buy” rating and issued a $29.00 price target on shares of Vipshop in a research note on Thursday, February 29th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Vipshop 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.