National Pension Service Sells 8,265 Shares of Vipshop Holdings Limited (NYSE:VIPS)

National Pension Service lowered its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,887 shares of the technology company’s stock after selling 8,265 shares during the period. National Pension Service’s holdings in Vipshop were worth $1,332,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in VIPS. abrdn plc raised its stake in shares of Vipshop by 17.3% during the 3rd quarter. abrdn plc now owns 692,936 shares of the technology company’s stock worth $10,914,000 after purchasing an additional 102,140 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Vipshop by 30.1% during the 3rd quarter. Van ECK Associates Corp now owns 54,392 shares of the technology company’s stock worth $856,000 after acquiring an additional 12,587 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Vipshop by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock worth $770,000 after acquiring an additional 954 shares during the last quarter. First Beijing Investment Ltd acquired a new position in shares of Vipshop during the 3rd quarter worth approximately $120,182,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of Vipshop during the 3rd quarter worth approximately $56,000. Institutional investors own 48.82% of the company’s stock.

Analyst Upgrades and Downgrades

VIPS has been the topic of a number of recent analyst reports. Citigroup decreased their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Barclays boosted their target price on Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.75.

Vipshop Price Performance

Shares of NYSE VIPS opened at $15.68 on Friday. The stock’s fifty day moving average price is $14.18 and its two-hundred day moving average price is $14.04. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.00. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of 1.52 and a beta of 0.30.

Vipshop (NYSE:VIPS) last issued its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). Vipshop had a net margin of 7.50% and a return on equity of 20.89%. The firm had revenue of $4.55 billion during the quarter, compared to analyst estimates of $3.82 billion. On average, equities analysts anticipate that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.

Vipshop Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.43 per share. This represents a dividend yield of 2.9%. The ex-dividend date is Friday, April 11th. Vipshop’s dividend payout ratio (DPR) is currently 24.24%.

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 and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.