4,759,828 Shares in Vipshop Holdings Limited (NYSE:VIPS) Acquired by Norges Bank

Norges Bank acquired a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,759,828 shares of the technology company’s stock, valued at approximately $64,115,000.

Several other hedge funds have also added to or reduced their stakes in VIPS. FMR LLC raised its position in shares of 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 last quarter. Caas Capital Management LP purchased a new position in Vipshop in the fourth quarter worth about $1,327,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Vipshop by 19.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,748,730 shares of the technology company’s stock worth $27,508,000 after buying an additional 290,583 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Vipshop during the third quarter valued at approximately $6,331,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Vipshop during the fourth quarter valued at approximately $210,000. 48.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on VIPS shares. Citigroup downgraded 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. Barclays increased their price objective on 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 raised Vipshop from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.30.

Vipshop Price Performance

VIPS stock opened at $14.85 on Friday. The company has a market cap of $7.62 billion, a P/E ratio of 7.10, a price-to-earnings-growth ratio of 1.52 and a beta of 0.53. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $17.94. The stock’s fifty day moving average price is $15.63 and its 200-day moving average price is $14.63.

Vipshop (NYSE:VIPS) last announced its earnings results 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 return on equity of 20.89% and a net margin of 7.50%. The firm had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $3.82 billion. As a group, analysts expect that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.

Vipshop Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, April 11th. This represents a yield of 2.9%. Vipshop’s dividend payout ratio is currently 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.