Vipshop Holdings Limited $VIPS Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. lifted its position in Vipshop Holdings Limited (NYSE:VIPS) by 141.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 177,187 shares of the technology company’s stock after purchasing an additional 103,800 shares during the quarter. APG Asset Management N.V.’s holdings in Vipshop were worth $3,480,000 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. Krane Funds Advisors LLC boosted its stake in Vipshop by 24.9% during the 3rd quarter. Krane Funds Advisors LLC now owns 17,185,535 shares of the technology company’s stock worth $320,424,000 after purchasing an additional 3,426,079 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Vipshop by 2.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 12,204,449 shares of the technology company’s stock valued at $239,695,000 after buying an additional 323,058 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Vipshop by 9.3% during the second quarter. Invesco Ltd. now owns 8,930,629 shares of the technology company’s stock worth $134,406,000 after buying an additional 760,377 shares during the period. State Street Corp boosted its stake in shares of Vipshop by 2.1% during the second quarter. State Street Corp now owns 7,147,094 shares of the technology company’s stock worth $107,564,000 after buying an additional 143,614 shares during the period. Finally, LSV Asset Management increased its position in Vipshop by 11.7% in the 3rd quarter. LSV Asset Management now owns 5,524,813 shares of the technology company’s stock valued at $108,507,000 after acquiring an additional 579,300 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Analyst Upgrades and Downgrades

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 report on Sunday, January 4th. Nomura raised shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Friday, February 27th. JPMorgan Chase & Co. increased their price target on shares of Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Barclays raised their price objective on shares of Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Finally, Benchmark reaffirmed a “hold” rating on shares of Vipshop in a report on Friday, November 21st. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.65.

Vipshop Stock Performance

VIPS stock opened at $15.70 on Wednesday. The stock’s 50 day moving average price is $17.70 and its 200 day moving average price is $18.37. The firm has a market cap of $8.05 billion, a P/E ratio of 7.89, a PEG ratio of 1.41 and a beta of 0.67. Vipshop Holdings Limited has a 1 year low of $12.14 and a 1 year high of $21.08.

Vipshop Increases Dividend

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

Vipshop Profile

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.