Harvest Fund Management Co. Ltd Reduces Stake in Vipshop Holdings Limited (NYSE:VIPS)

Harvest Fund Management Co. Ltd lowered its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 56.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 129,943 shares of the technology company’s stock after selling 168,257 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Vipshop were worth $1,749,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Atomi Financial Group Inc. lifted its holdings in Vipshop by 10.8% in the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock worth $165,000 after buying an additional 1,191 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Vipshop by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company’s stock worth $349,000 after buying an additional 1,400 shares during the period. Blue Trust Inc. lifted its holdings in Vipshop by 17.5% in 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 period. Lester Murray Antman dba SimplyRich raised its position in shares of Vipshop by 1.0% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 151,159 shares of the technology company’s stock worth $2,036,000 after acquiring an additional 1,526 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of Vipshop by 16.9% in the 3rd quarter. Quantinno Capital Management LP now owns 15,811 shares of the technology company’s stock worth $249,000 after acquiring an additional 2,284 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Down 2.3 %

VIPS stock opened at $16.95 on Thursday. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $18.08. The firm has a market cap of $8.70 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30. The business has a 50 day moving average of $15.05 and a 200 day moving average of $14.39.

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

Vipshop Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a yield of 2.9%. Vipshop’s dividend payout ratio is 24.24%.

Analysts Set New Price Targets

VIPS has been the subject of several research reports. Citigroup decreased their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Barclays increased their target price on Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.75.

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.