GF Fund Management CO. LTD. Cuts Position in Vipshop Holdings Limited $VIPS

GF Fund Management CO. LTD. lessened its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 233,551 shares of the technology company’s stock after selling 45,775 shares during the quarter. GF Fund Management CO. LTD.’s holdings in Vipshop were worth $4,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of VIPS. Goldman Sachs Group Inc. lifted its stake in shares of Vipshop by 29.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock worth $77,326,000 after buying an additional 1,126,983 shares in the last quarter. Guggenheim Capital LLC lifted its stake in Vipshop by 24.2% in the second quarter. Guggenheim Capital LLC now owns 45,053 shares of the technology company’s stock valued at $678,000 after buying an additional 8,779 shares during the last quarter. Jump Financial LLC bought a new stake in Vipshop in the second quarter valued at $505,000. California Public Employees Retirement System lifted its stake in Vipshop by 9.6% in the second quarter. California Public Employees Retirement System now owns 668,627 shares of the technology company’s stock valued at $10,063,000 after buying an additional 58,820 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Vipshop by 14.1% in the second quarter. Daiwa Securities Group Inc. now owns 42,000 shares of the technology company’s stock valued at $632,000 after buying an additional 5,200 shares during the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Analyst Upgrades and Downgrades

VIPS has been the topic of a number of recent research reports. Nomura upgraded Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Friday, February 27th. Jefferies Financial Group restated a “buy” rating on shares of Vipshop in a research note on Thursday, February 26th. Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a research note on Friday, March 27th. JPMorgan Chase & Co. cut their price objective on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Finally, Zacks Research upgraded shares of Vipshop from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.48.

Vipshop Price Performance

NYSE VIPS opened at $15.61 on Friday. The firm has a market cap of $8.00 billion, a P/E ratio of 7.84, a P/E/G ratio of 1.26 and a beta of 0.76. The stock’s 50-day moving average is $16.21 and its 200-day moving average is $17.88. Vipshop Holdings Limited has a one year low of $12.21 and a one year high of $21.08.

Vipshop Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be issued a $0.62 dividend. This represents a dividend yield of 411.0%. This is a boost from Vipshop’s previous annual dividend of $0.43. The ex-dividend date is Friday, April 10th. Vipshop’s dividend payout ratio is 30.15%.

Vipshop Company Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.