Vipshop Holdings Limited (NYSE:VIPS) Stock Holdings Lowered by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its position in Vipshop Holdings Limited (NYSE:VIPS) by 49.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atomi Financial Group Inc. raised its holdings in shares of Vipshop by 10.8% during the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after buying an additional 1,191 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Vipshop by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company’s stock valued at $349,000 after acquiring an additional 1,400 shares during the period. Blue Trust Inc. raised its stake in Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock valued at $134,000 after acquiring an additional 1,487 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Vipshop by 3.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 44,100 shares of the technology company’s stock worth $594,000 after acquiring an additional 1,500 shares during the period. Finally, Lester Murray Antman dba SimplyRich grew its stake in shares of Vipshop by 1.0% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 151,159 shares of the technology company’s stock worth $2,036,000 after purchasing an additional 1,526 shares in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on VIPS. Citigroup downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a report on Tuesday, April 1st. Barclays upped their price target on shares of Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Finally, StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.30.

Vipshop Stock Performance

Shares of NYSE:VIPS opened at $14.26 on Friday. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 6.82, a PEG ratio of 1.52 and a beta of 0.60. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $17.94. The company has a 50 day moving average price of $14.82 and a 200 day moving average price of $14.27.

Vipshop (NYSE:VIPS) last released its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.05). The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $3.82 billion. Vipshop had a return on equity of 20.89% and a net margin of 7.50%. On average, sell-side analysts expect that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.

Vipshop Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued 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 payout ratio is presently 24.24%.

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