Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. cut its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 42.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 323,200 shares of the technology company’s stock after selling 236,500 shares during the period. Royal London Asset Management Ltd.’s holdings in Vipshop were worth $4,354,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Swiss National Bank lifted its position in Vipshop by 1.4% during the third quarter. Swiss National Bank now owns 843,462 shares of the technology company’s stock worth $13,268,000 after buying an additional 11,300 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Vipshop during the 3rd quarter valued at about $937,000. Advisors Asset Management Inc. lifted its holdings in shares of Vipshop by 17.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 25,583 shares of the technology company’s stock worth $402,000 after acquiring an additional 3,787 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Vipshop by 7.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,828,506 shares of the technology company’s stock worth $75,952,000 after acquiring an additional 333,989 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in 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 valued at $27,508,000 after purchasing an additional 290,583 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays lifted their price target on shares of Vipshop from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.75.

Vipshop Trading Down 2.1 %

Shares of Vipshop stock opened at $16.29 on Monday. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $17.94. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30. The company has a fifty day moving average price of $15.19 and a 200 day moving average price of $14.46.

Vipshop (NYSE:VIPS) last issued its earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.05). The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Vipshop had a return on equity of 20.89% and a net margin of 7.50%. Analysts forecast that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.

Vipshop Announces Dividend

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

About Vipshop

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.