Grantham Mayo Van Otterloo & Co. LLC Decreases Position in Vipshop Holdings Limited (NYSE:VIPS)

Grantham Mayo Van Otterloo & Co. LLC trimmed its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 17.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 753,737 shares of the technology company’s stock after selling 155,503 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Vipshop were worth $10,153,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in Vipshop by 8.5% in the third quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock worth $32,579,000 after acquiring an additional 162,027 shares in the last quarter. Caas Capital Management LP acquired a new stake in Vipshop in the 4th quarter worth approximately $1,327,000. Charles Schwab Investment Management Inc. grew its position in Vipshop by 16.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,035,334 shares of the technology company’s stock worth $27,416,000 after purchasing an additional 286,604 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Vipshop during the 3rd quarter valued at approximately $6,331,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Vipshop in the fourth quarter worth $210,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on VIPS shares. Citigroup downgraded Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research report on Tuesday, April 1st. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Barclays lifted their target price on Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.30.

Vipshop Stock Performance

NYSE VIPS opened at $14.08 on Monday. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The firm has a market capitalization of $7.23 billion, a P/E ratio of 6.74, a PEG ratio of 1.52 and a beta of 0.53. The stock has a 50-day simple moving average of $15.61 and a two-hundred day simple moving average of $14.66.

Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. As a group, analysts forecast that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.

Vipshop Dividend Announcement

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

Vipshop 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.