Charles Schwab Investment Management Inc. Purchases 286,604 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Charles Schwab Investment Management Inc. raised its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,035,334 shares of the technology company’s stock after purchasing an additional 286,604 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Vipshop were worth $27,416,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Vipshop by 17.5% during the fourth 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 during the last quarter. Vontobel Holding Ltd. acquired a new position in shares of Vipshop during the 4th quarter worth about $165,000. Polymer Capital Management HK LTD bought a new stake in shares of Vipshop in the 3rd quarter valued at about $175,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Vipshop in the 4th quarter valued at approximately $175,000. Institutional investors own 48.82% of the company’s stock.

Vipshop Stock Up 5.6 %

Vipshop stock opened at $17.77 on Tuesday. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $18.08. The company has a 50 day moving average of $14.89 and a 200-day moving average of $14.34. The stock has a market capitalization of $9.12 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30.

Vipshop (NYSE:VIPS) last announced its earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share 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 company had revenue of $4.55 billion during the quarter, compared to analyst estimates of $3.82 billion. Equities analysts anticipate that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.

Vipshop Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VIPS shares. Citigroup decreased their price objective on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Benchmark reissued a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Barclays upped their price objective 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. Finally, StockNews.com upgraded 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Vipshop has a consensus rating of “Hold” and a consensus price target of $15.75.

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.