Harvest Fund Management Co. Ltd Sells 63,946 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Harvest Fund Management Co. Ltd trimmed its stake in Vipshop Holdings Limited (NYSE:VIPS) by 16.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 314,964 shares of the technology company’s stock after selling 63,946 shares during the quarter. Vipshop accounts for 0.9% of Harvest Fund Management Co. Ltd’s portfolio, making the stock its 20th biggest holding. Harvest Fund Management Co. Ltd owned about 0.05% of Vipshop worth $5,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in VIPS. Ariose Capital Management Ltd bought a new position in shares of Vipshop during the fourth quarter valued at $35,498,000. Krane Funds Advisors LLC lifted its holdings in shares of Vipshop by 14.2% during the third quarter. Krane Funds Advisors LLC now owns 13,062,322 shares of the technology company’s stock valued at $209,128,000 after purchasing an additional 1,622,703 shares in the last quarter. Carmignac Gestion lifted its holdings in shares of Vipshop by 32,313.4% during the third quarter. Carmignac Gestion now owns 1,561,030 shares of the technology company’s stock valued at $24,953,000 after purchasing an additional 1,556,214 shares in the last quarter. Ninety One UK Ltd lifted its holdings in shares of Vipshop by 291.1% during the fourth quarter. Ninety One UK Ltd now owns 1,788,026 shares of the technology company’s stock valued at $31,755,000 after purchasing an additional 1,330,802 shares in the last quarter. Finally, Yunqi Capital Ltd bought a new position in shares of Vipshop during the third quarter valued at $19,473,000. 48.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VIPS shares. HSBC lowered their price target on Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Citigroup upped their price objective on Vipshop from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. StockNews.com raised Vipshop from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Benchmark reaffirmed a “buy” rating and set a $29.00 price target on shares of Vipshop in a research report on Thursday, February 29th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Vipshop currently has an average rating of “Buy” and a consensus price target of $21.13.

Vipshop Trading Up 1.3 %

Vipshop stock traded up $0.20 during trading on Tuesday, reaching $15.80. The company had a trading volume of 3,848,946 shares, compared to its average volume of 3,538,849. Vipshop Holdings Limited has a 52 week low of $13.80 and a 52 week high of $20.19. The firm’s 50-day simple moving average is $17.01 and its 200 day simple moving average is $16.28. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 7.78 and a beta of 0.41.

Vipshop (NYSE:VIPS) last announced its earnings results on Wednesday, February 28th. The technology company reported $5.79 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $5.15. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. The company had revenue of $34.67 billion for the quarter, compared to analysts’ expectations of $33.18 billion. During the same period last year, the firm earned $0.47 EPS. Vipshop’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, analysts predict that Vipshop Holdings Limited will post 2.25 earnings per share for the current year.

Vipshop Announces Dividend

The business also recently announced an annual dividend, which was paid on Monday, April 8th. Investors of record on Friday, March 15th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a yield of 2.3%. Vipshop’s dividend payout ratio is currently 20.20%.

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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.