E Fund Management Co. Ltd. Sells 76,249 Shares of Vipshop Holdings Limited (NYSE:VIPS)

E Fund Management Co. Ltd. decreased its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,235,386 shares of the technology company’s stock after selling 76,249 shares during the period. Vipshop makes up approximately 2.5% of E Fund Management Co. Ltd.’s investment portfolio, making the stock its 7th largest holding. E Fund Management Co. Ltd.’s holdings in Vipshop were worth $39,700,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. National Bank of Canada FI boosted its holdings in shares of Vipshop by 22,608.4% during the 4th quarter. National Bank of Canada FI now owns 558,853 shares of the technology company’s stock worth $9,707,000 after buying an additional 556,392 shares during the period. AJOVista LLC acquired a new position in shares of Vipshop during the fourth quarter valued at about $4,817,000. LSV Asset Management increased its position in shares of Vipshop by 8.6% during the fourth quarter. LSV Asset Management now owns 4,042,022 shares of the technology company’s stock valued at $71,786,000 after purchasing an additional 319,522 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of Vipshop by 6.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 883,240 shares of the technology company’s stock valued at $15,686,000 after buying an additional 51,909 shares in the last quarter. Finally, Natixis Advisors L.P. increased its stake in Vipshop by 1.2% in the fourth quarter. Natixis Advisors L.P. now owns 63,756 shares of the technology company’s stock valued at $1,132,000 after acquiring an additional 757 shares during the period. 48.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VIPS. Citigroup upped their target price on shares of Vipshop from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. HSBC cut 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. StockNews.com upgraded shares of Vipshop from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 19th. Finally, Benchmark reissued a “buy” rating and issued a $29.00 target price on shares of Vipshop in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Vipshop currently has an average rating of “Buy” and an average price target of $21.13.

Vipshop Stock Performance

VIPS stock traded down $0.08 during midday trading on Thursday, hitting $15.84. 2,514,534 shares of the company’s stock were exchanged, compared to its average volume of 3,603,901. Vipshop Holdings Limited has a one year low of $13.80 and a one year high of $20.19. The stock’s fifty day moving average price is $16.71 and its 200-day moving average price is $16.29. The company has a market cap of $9.28 billion, a PE ratio of 7.84 and a beta of 0.44.

Vipshop (NYSE:VIPS) last issued its quarterly earnings data on Wednesday, February 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $5.15. The business had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.18 billion. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. Vipshop’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS. On average, analysts expect that Vipshop Holdings Limited will post 2.24 EPS for the current 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 given a dividend of $0.43 per share. This represents a dividend yield of 2.3%. The ex-dividend date was Thursday, March 14th. Vipshop’s dividend payout ratio is 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.