Vipshop Holdings Limited $VIPS Shares Bought by Citigroup Inc.

Citigroup Inc. lifted its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,076,651 shares of the technology company’s stock after acquiring an additional 27,674 shares during the quarter. Citigroup Inc. owned 0.21% of Vipshop worth $21,145,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VIPS. Global Retirement Partners LLC increased its position in Vipshop by 575.5% during the 3rd quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock worth $57,000 after purchasing an additional 2,492 shares during the period. Hantz Financial Services Inc. grew its holdings in Vipshop by 1,187.1% during the second quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock worth $49,000 after acquiring an additional 3,027 shares during the period. Huntington National Bank raised its position in Vipshop by 53.8% in the second quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock worth $50,000 after acquiring an additional 1,163 shares in the last quarter. Tobam purchased a new position in Vipshop in the second quarter worth $91,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Vipshop by 65.6% in the second quarter. PNC Financial Services Group Inc. now owns 7,091 shares of the technology company’s stock valued at $107,000 after acquiring an additional 2,809 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Up 2.0%

NYSE VIPS opened at $18.11 on Friday. Vipshop Holdings Limited has a fifty-two week low of $12.14 and a fifty-two week high of $21.08. The business has a fifty day moving average of $17.87 and a 200-day moving average of $18.33. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 1.49 and a beta of 0.72.

Vipshop Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a dividend yield of 342.0%. This is an increase from Vipshop’s previous annual dividend of $0.43. Vipshop’s dividend payout ratio is 25.26%.

Analysts Set New Price Targets

VIPS has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Vipshop in a report on Monday, December 29th. Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a report on Thursday, November 20th. Barclays boosted their price target on Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Wall Street Zen downgraded Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Finally, Zacks Research raised Vipshop from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Vipshop currently has a consensus rating of “Moderate Buy” and an average target price of $20.38.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.