Swiss National Bank Trims Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Swiss National Bank trimmed its position in Vipshop Holdings Limited (NYSE:VIPS) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 773,836 shares of the technology company’s stock after selling 69,626 shares during the quarter. Swiss National Bank’s holdings in Vipshop were worth $10,424,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of VIPS. Polaris Capital Management LLC purchased a new position in shares of Vipshop in the 4th quarter worth about $63,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Vipshop by 179.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock worth $62,670,000 after purchasing an additional 2,558,896 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Vipshop in the 3rd quarter worth about $14,938,000. Hhlr Advisors LTD. raised its holdings in shares of Vipshop by 6.2% in the 3rd quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock worth $247,281,000 after purchasing an additional 914,322 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in shares of Vipshop in the 3rd quarter worth about $6,331,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Stock Down 1.8 %

Shares of NYSE VIPS opened at $16.65 on Friday. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $18.08. The business has a 50 day moving average price of $15.12 and a two-hundred day moving average price of $14.41. The firm has a market cap of $8.54 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30.

Vipshop (NYSE:VIPS) last issued 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 business had revenue of $4.55 billion for the quarter, compared to analyst estimates of $3.82 billion. On average, analysts anticipate that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.

Vipshop Announces Dividend

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

Wall Street Analysts Forecast Growth

VIPS has been the subject of a number of recent research reports. Barclays increased their target price on Vipshop from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.