AJOVista LLC Acquires New Position in Vipshop Holdings Limited (NYSE:VIPS)

AJOVista LLC bought a new position in shares of Vipshop Holdings Limited (NYSE:VIPS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 271,207 shares of the technology company’s stock, valued at approximately $4,817,000. Vipshop accounts for 6.1% of AJOVista LLC’s portfolio, making the stock its 2nd largest holding.

Several other large investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. grew its position in shares of Vipshop by 6.6% during the third quarter. Asset Management One Co. Ltd. now owns 60,135 shares of the technology company’s stock worth $963,000 after purchasing an additional 3,700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Vipshop by 16.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 826,659 shares of the technology company’s stock valued at $13,235,000 after buying an additional 117,147 shares during the last quarter. Altfest L J & Co. Inc. purchased a new position in shares of Vipshop in the third quarter worth $480,000. Inspire Investing LLC boosted its position in shares of Vipshop by 33.5% during the third quarter. Inspire Investing LLC now owns 43,392 shares of the technology company’s stock worth $695,000 after acquiring an additional 10,894 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its stake in Vipshop by 36.9% during the third quarter. Panagora Asset Management Inc. now owns 165,482 shares of the technology company’s stock valued at $2,649,000 after acquiring an additional 44,600 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on VIPS. Citigroup boosted their price target on shares of Vipshop from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. StockNews.com raised shares of Vipshop from a “buy” rating to a “strong-buy” rating in a report on Friday, April 19th. HSBC dropped their price objective on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. Finally, Benchmark restated a “buy” rating and set a $29.00 target price on shares of Vipshop in a research report on Thursday, February 29th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $21.13.

Vipshop Stock Up 2.4 %

VIPS traded up $0.39 during trading hours on Friday, reaching $16.45. 3,597,477 shares of the company’s stock traded hands, compared to its average volume of 3,796,784. The firm has a 50-day moving average price of $16.83 and a 200 day moving average price of $16.27. Vipshop Holdings Limited has a 52-week low of $13.80 and a 52-week high of $20.19. The firm has a market capitalization of $9.64 billion, a PE ratio of 8.10 and a beta of 0.44.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $5.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $5.15. The company had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.18 billion. Vipshop had a net margin of 7.20% and a return on equity of 23.19%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. Equities analysts predict that Vipshop Holdings Limited will post 2.24 EPS for the current fiscal year.

Vipshop Announces Dividend

The company also recently announced an annual dividend, which was paid on Monday, April 8th. Shareholders of record on Friday, March 15th were given 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 presently 20.20%.

Vipshop Company Profile

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.