Victory Capital Management Inc. Reduces Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Victory Capital Management Inc. decreased its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 46.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 39,036 shares of the technology company’s stock after selling 34,090 shares during the period. Victory Capital Management Inc.’s holdings in Vipshop were worth $526,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Atomi Financial Group Inc. raised its holdings in Vipshop by 10.8% in the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,191 shares in the last quarter. Blue Trust Inc. raised its holdings in Vipshop by 17.5% in 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 in the last quarter. Lester Murray Antman dba SimplyRich raised its holdings in Vipshop by 1.0% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 151,159 shares of the technology company’s stock worth $2,036,000 after purchasing an additional 1,526 shares in the last quarter. Harvest Fund Management Co. Ltd raised its holdings in Vipshop by 0.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock worth $4,691,000 after purchasing an additional 2,055 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Vipshop by 16.9% in the third quarter. Quantinno Capital Management LP now owns 15,811 shares of the technology company’s stock worth $249,000 after purchasing an additional 2,284 shares in the last quarter. Institutional investors own 48.82% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Vipshop Price Performance

Shares of NYSE:VIPS opened at $16.29 on Friday. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $17.94. The business has a fifty day moving average price of $15.19 and a 200-day moving average price of $14.43. The company has a market capitalization of $8.36 billion, a PE ratio of 7.79, a PEG ratio of 1.52 and a beta of 0.30.

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

Vipshop Announces Dividend

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