KLP Kapitalforvaltning AS Invests $2 Million in Vipshop Holdings Limited (NYSE:VIPS)

KLP Kapitalforvaltning AS bought a new position in shares of Vipshop Holdings Limited (NYSE:VIPS) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 148,500 shares of the technology company’s stock, valued at approximately $2,000,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its holdings in Vipshop by 17.4% during the third quarter. Advisors Asset Management Inc. now owns 25,583 shares of the technology company’s stock worth $402,000 after purchasing an additional 3,787 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Vipshop by 19.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,748,730 shares of the technology company’s stock worth $27,508,000 after acquiring an additional 290,583 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Vipshop by 15.0% in the third quarter. Daiwa Securities Group Inc. now owns 24,500 shares of the technology company’s stock valued at $385,000 after acquiring an additional 3,200 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in Vipshop by 9.8% in the third quarter. Loomis Sayles & Co. L P now owns 70,396 shares of the technology company’s stock valued at $1,107,000 after acquiring an additional 6,278 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Vipshop by 4.2% during the third quarter. The Manufacturers Life Insurance Company now owns 76,431 shares of the technology company’s stock worth $1,202,000 after purchasing an additional 3,062 shares during the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Trading Up 1.1 %

Vipshop stock opened at $16.51 on Friday. The stock has a 50 day moving average of $15.46 and a two-hundred day moving average of $14.54. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $17.94. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 1.52 and a beta of 0.30.

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

Vipshop Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on VIPS shares. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Barclays increased their price objective on Vipshop from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.75.

About Vipshop

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.