Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC decreased its stake in Vipshop Holdings Limited (NYSE:VIPS) by 0.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,044,409 shares of the technology company’s stock after selling 5,726 shares during the period. Todd Asset Management LLC’s holdings in Vipshop were worth $36,309,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ariose Capital Management Ltd acquired a new position in Vipshop during the fourth quarter worth about $35,498,000. Krane Funds Advisors LLC increased its position in Vipshop by 14.2% during the third quarter. Krane Funds Advisors LLC now owns 13,062,322 shares of the technology company’s stock worth $209,128,000 after purchasing an additional 1,622,703 shares during the last quarter. Carmignac Gestion raised its position in shares of Vipshop by 32,313.4% in the 3rd quarter. Carmignac Gestion now owns 1,561,030 shares of the technology company’s stock worth $24,953,000 after buying an additional 1,556,214 shares during the period. Ninety One UK Ltd lifted its stake in shares of Vipshop by 291.1% in the 4th 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 purchased a new stake in Vipshop during the 3rd quarter worth $19,473,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Up 2.4 %

Shares of VIPS traded up $0.39 during trading hours on Friday, reaching $16.45. The company’s stock had a trading volume of 3,597,477 shares, compared to its average volume of 3,796,784. The company has a 50 day moving average of $16.83 and a two-hundred day moving average of $16.27. The firm has a market cap of $9.64 billion, a price-to-earnings ratio of 8.10 and a beta of 0.44. Vipshop Holdings Limited has a 1-year low of $13.80 and a 1-year high of $20.19.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share 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 during the quarter, compared to the consensus estimate of $33.18 billion. During the same period last year, the business earned $0.47 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, analysts forecast that Vipshop Holdings Limited will post 2.24 EPS for the current fiscal year.

Vipshop Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, April 8th. Shareholders of record on Friday, March 15th were issued a dividend of $0.43 per share. This represents a yield of 2.3%. The ex-dividend date was Thursday, March 14th. Vipshop’s dividend payout ratio (DPR) is 20.20%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VIPS shares. Benchmark reissued a “buy” rating and issued a $29.00 price objective on shares of Vipshop in a research report on Thursday, February 29th. HSBC decreased their price target on Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. Citigroup lifted their target price on Vipshop from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, StockNews.com raised Vipshop from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 19th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Vipshop currently has an average rating of “Buy” and an average price target of $21.13.

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.