1,549,263 Shares in Vipshop Holdings Limited $VIPS Acquired by Packer & Co Ltd

Packer & Co Ltd bought a new position in Vipshop Holdings Limited (NYSE:VIPS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,549,263 shares of the technology company’s stock, valued at approximately $27,406,000. Vipshop accounts for approximately 7.3% of Packer & Co Ltd’s portfolio, making the stock its 6th largest position.

Several other institutional investors also recently bought and sold shares of the business. Global Retirement Partners LLC lifted its stake in shares of Vipshop by 575.5% during the 3rd quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock worth $57,000 after purchasing an additional 2,492 shares during the period. Cooper Investors PTY Ltd. purchased a new stake in shares of Vipshop in the fourth quarter valued at $58,000. Huntington National Bank grew its position in shares of Vipshop by 36.3% in the third quarter. Huntington National Bank now owns 4,530 shares of the technology company’s stock valued at $89,000 after purchasing an additional 1,207 shares during the period. Hantz Financial Services Inc. increased its stake in Vipshop by 148.7% in the third quarter. Hantz Financial Services Inc. now owns 8,163 shares of the technology company’s stock valued at $160,000 after purchasing an additional 4,881 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Vipshop by 39.5% during the third quarter. PNC Financial Services Group Inc. now owns 9,892 shares of the technology company’s stock worth $194,000 after buying an additional 2,801 shares during the period. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on VIPS. Jefferies Financial Group reissued a “buy” rating on shares of Vipshop in a research note on Thursday, February 26th. JPMorgan Chase & Co. dropped their price objective on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Zacks Research upgraded shares of Vipshop from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a research report on Friday, March 27th. Finally, Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a report on Sunday, January 4th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.48.

Vipshop Trading Down 0.3%

Shares of Vipshop stock opened at $14.96 on Friday. The business’s fifty day moving average price is $16.65 and its 200 day moving average price is $18.13. Vipshop Holdings Limited has a twelve month low of $12.14 and a twelve month high of $21.08. The stock has a market capitalization of $7.67 billion, a P/E ratio of 7.52, a PEG ratio of 1.24 and a beta of 0.76.

Vipshop Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a dividend yield of 342.0%. This is an increase from Vipshop’s previous annual dividend of $0.43. Vipshop’s dividend payout ratio is presently 30.15%.

Vipshop 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.