KLP Kapitalforvaltning AS Buys New Holdings in Vipshop Holdings Limited (NYSE:VIPS)

KLP Kapitalforvaltning AS purchased a new position in shares of Vipshop Holdings Limited (NYSE:VIPS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 148,500 shares of the technology company’s stock, valued at approximately $2,000,000.

Several other institutional investors and hedge funds have also bought and sold shares of VIPS. Blue Trust Inc. grew its stake in shares of Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock worth $134,000 after purchasing an additional 1,487 shares during the period. Atomi Financial Group Inc. boosted its holdings in Vipshop by 10.8% during the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock worth $165,000 after buying an additional 1,191 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in Vipshop during the fourth quarter valued at $165,000. Polymer Capital Management HK LTD purchased a new position in shares of Vipshop in the 3rd quarter valued at about $175,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Vipshop during the 4th quarter worth approximately $175,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on VIPS. Barclays increased their target price on shares of Vipshop from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $15.75.

Vipshop Trading Up 1.1 %

NYSE:VIPS opened at $16.51 on Friday. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $17.94. The firm has a market cap of $8.47 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30. The stock has a fifty day moving average price of $15.46 and a 200 day moving average price of $14.54.

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

Vipshop Dividend Announcement

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

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