Tower Research Capital LLC TRC Lowers Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Tower Research Capital LLC TRC cut its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 94.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,032 shares of the technology company’s stock after selling 32,481 shares during the period. Tower Research Capital LLC TRC’s holdings in Vipshop were worth $27,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VIPS. Blue Trust Inc. raised its stake in shares of Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock worth $134,000 after buying an additional 1,487 shares during the last quarter. Jump Financial LLC acquired a new position in Vipshop in the 4th quarter valued at about $161,000. Vontobel Holding Ltd. acquired a new position in Vipshop in the 4th quarter valued at about $165,000. Atomi Financial Group Inc. raised its stake in Vipshop by 10.8% in the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after purchasing an additional 1,191 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Vipshop in the 4th quarter valued at about $175,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VIPS has been the subject of several analyst reports. Barclays boosted their target price on shares of Vipshop from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Citigroup cut Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a report on Tuesday, April 1st. Finally, StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a report 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $15.30.

Vipshop Stock Performance

VIPS opened at $15.32 on Friday. The firm has a 50 day moving average price of $14.47 and a 200 day moving average price of $14.29. The company has a market cap of $7.86 billion, a PE ratio of 7.33, a price-to-earnings-growth 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.

Vipshop (NYSE:VIPS) last posted its earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The business had revenue of $4.55 billion for the quarter, compared to analyst estimates 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 predict that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.

Vipshop Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a $0.43 dividend. This represents a yield of 2.9%. The ex-dividend date was Friday, April 11th. Vipshop’s dividend payout ratio is presently 24.24%.

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