DNB Asset Management AS Has $1.43 Million Holdings in Vipshop Holdings Limited $VIPS

DNB Asset Management AS raised its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 168.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,637 shares of the technology company’s stock after acquiring an additional 45,600 shares during the period. DNB Asset Management AS’s holdings in Vipshop were worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of VIPS. Krane Funds Advisors LLC lifted its holdings in shares of Vipshop by 24.9% during the 3rd quarter. Krane Funds Advisors LLC now owns 17,185,535 shares of the technology company’s stock valued at $320,424,000 after purchasing an additional 3,426,079 shares in the last quarter. Norges Bank bought a new position in Vipshop in the second quarter valued at approximately $50,725,000. SG Americas Securities LLC boosted its holdings in shares of Vipshop by 6,092.5% in the second quarter. SG Americas Securities LLC now owns 1,926,991 shares of the technology company’s stock valued at $29,001,000 after buying an additional 1,895,873 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Vipshop by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock worth $77,326,000 after acquiring an additional 1,126,983 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Vipshop during the second quarter worth $14,526,000. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Price Performance

Shares of NYSE VIPS opened at $15.70 on Wednesday. The business has a 50-day moving average of $17.70 and a 200-day moving average of $18.37. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 1.41 and a beta of 0.67. Vipshop Holdings Limited has a fifty-two week low of $12.14 and a fifty-two week high of $21.08.

Vipshop Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be given a dividend of $0.62 per share. This is a positive change from Vipshop’s previous annual dividend of $0.43. The ex-dividend date of this dividend is Friday, April 10th. This represents a dividend yield of 342.0%. Vipshop’s payout ratio is presently 24.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on VIPS shares. Wall Street Zen lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Zacks Research upgraded Vipshop from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Vipshop in a research report on Thursday, February 26th. Barclays increased their price objective on Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Finally, Nomura upgraded Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Friday, February 27th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vipshop has a consensus rating of “Moderate Buy” and a consensus price target of $20.65.

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.