Russell Investments Group Ltd. Acquires 127,423 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Russell Investments Group Ltd. raised its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 11.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,196,919 shares of the technology company’s stock after purchasing an additional 127,423 shares during the period. Russell Investments Group Ltd. owned 0.23% of Vipshop worth $15,973,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in VIPS. Blue Trust Inc. raised its position 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 valued at $134,000 after buying an additional 1,487 shares in the last quarter. Atomi Financial Group Inc. raised its position in Vipshop by 10.8% during the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after purchasing an additional 1,191 shares during the period. Vontobel Holding Ltd. bought a new stake in shares of Vipshop in the 4th quarter valued at approximately $165,000. Wilmington Savings Fund Society FSB bought a new position in shares of Vipshop during the 4th quarter valued at approximately $175,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Vipshop during the 4th quarter valued at $210,000. 48.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research note on Tuesday, April 1st. StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Barclays upped their target price on Vipshop from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Vipshop has an average rating of “Hold” and an average price target of $15.30.

Vipshop Stock Performance

Vipshop stock opened at $13.32 on Thursday. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The company has a market capitalization of $6.84 billion, a PE ratio of 6.37, a P/E/G ratio of 1.52 and a beta of 0.53. The company has a 50 day moving average price of $15.45 and a 200-day moving average price of $14.64.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results 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). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $3.82 billion. On average, analysts forecast that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.

Vipshop Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a dividend yield of 2.9%. Vipshop’s payout ratio is presently 24.24%.

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.