Rakuten Securities Inc. Takes $36,000 Position in Vipshop Holdings Limited (NYSE:VIPS)

Rakuten Securities Inc. acquired a new stake in Vipshop Holdings Limited (NYSE:VIPS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,000 shares of the technology company’s stock, valued at approximately $36,000.

Several other institutional investors have also modified their holdings of the stock. E Fund Management Hong Kong Co. Ltd. boosted its position in Vipshop by 136.5% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 263,691 shares of the technology company’s stock valued at $2,136,000 after acquiring an additional 152,189 shares in the last quarter. American Century Companies Inc. boosted its position in Vipshop by 13.9% during the 1st quarter. American Century Companies Inc. now owns 183,326 shares of the technology company’s stock valued at $1,650,000 after acquiring an additional 22,392 shares in the last quarter. HighTower Advisors LLC bought a new stake in Vipshop during the 1st quarter valued at $108,000. Great West Life Assurance Co. Can boosted its position in Vipshop by 3.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 658,785 shares of the technology company’s stock valued at $6,197,000 after acquiring an additional 21,100 shares in the last quarter. Finally, Yousif Capital Management LLC acquired a new stake in shares of Vipshop in the 1st quarter worth $146,000. 48.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Citigroup raised their price objective on Vipshop from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. TheStreet raised Vipshop from a “c+” rating to a “b-” rating in a research report on Thursday, December 21st. StockNews.com raised Vipshop from a “buy” rating to a “strong-buy” rating in a research report on Friday. HSBC lowered their price objective on Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. Finally, Benchmark reissued a “buy” rating and issued a $29.00 price objective 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 issued a strong buy rating to the stock. According to data from MarketBeat, Vipshop currently has an average rating of “Buy” and a consensus price target of $21.13.

Vipshop Stock Performance

Shares of VIPS opened at $15.14 on Friday. The stock has a 50-day moving average of $17.09 and a two-hundred day moving average of $16.27. Vipshop Holdings Limited has a one year low of $13.80 and a one year high of $20.19. The stock has a market cap of $8.87 billion, a P/E ratio of 7.46 and a beta of 0.41.

Vipshop (NYSE:VIPS) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $33.18 billion. During the same quarter in the previous year, the firm posted $0.47 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. Analysts predict that Vipshop Holdings Limited will post 2.25 EPS for the current fiscal year.

Vipshop Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, April 8th. Stockholders 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 dividend yield of 2.3%. Vipshop’s dividend payout ratio (DPR) is presently 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.