Grantham Mayo Van Otterloo & Co. LLC Sells 155,503 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Grantham Mayo Van Otterloo & Co. LLC lowered its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 17.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 753,737 shares of the technology company’s stock after selling 155,503 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.15% of Vipshop worth $10,153,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of VIPS. FMR LLC raised its position in Vipshop by 8.5% in the 3rd quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock worth $32,579,000 after purchasing an additional 162,027 shares during the period. Caas Capital Management LP purchased a new stake in shares of Vipshop in the fourth quarter worth approximately $1,327,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Vipshop by 16.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,035,334 shares of the technology company’s stock worth $27,416,000 after acquiring an additional 286,604 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Vipshop during the 3rd quarter valued at $6,331,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Vipshop in the fourth quarter worth $210,000. 48.82% of the stock is currently owned by institutional investors.

Vipshop Price Performance

Shares of Vipshop stock opened at $14.08 on Monday. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 1.52 and a beta of 0.53. The firm’s 50-day moving average is $15.61 and its two-hundred day moving average is $14.66. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $17.94.

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

Vipshop Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VIPS shares. Citigroup lowered shares of Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a research note on Tuesday, April 1st. StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Barclays upped their target price on shares of Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.30.

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