Strs Ohio Purchases 137,300 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Strs Ohio boosted its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 46.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 430,890 shares of the technology company’s stock after buying an additional 137,300 shares during the period. Strs Ohio owned approximately 0.07% of Vipshop worth $7,652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in Vipshop by 18.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the technology company’s stock valued at $65,000 after buying an additional 730 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Vipshop by 8.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,460 shares of the technology company’s stock valued at $183,000 after purchasing an additional 905 shares during the last quarter. Banque Cantonale Vaudoise lifted its stake in shares of Vipshop by 0.3% in the 3rd quarter. Banque Cantonale Vaudoise now owns 345,988 shares of the technology company’s stock valued at $5,539,000 after purchasing an additional 988 shares during the last quarter. Wetherby Asset Management Inc. lifted its stake in shares of Vipshop by 4.0% in the 1st quarter. Wetherby Asset Management Inc. now owns 31,740 shares of the technology company’s stock valued at $482,000 after purchasing an additional 1,208 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of Vipshop by 1.5% in the 2nd quarter. Creative Planning now owns 87,125 shares of the technology company’s stock valued at $862,000 after purchasing an additional 1,300 shares during the last quarter. 48.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VIPS shares. TheStreet raised Vipshop from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Benchmark reiterated a “buy” rating and issued a $29.00 price target on shares of Vipshop in a report on Thursday, February 29th. HSBC reduced their price target on Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Citigroup increased their price target on Vipshop from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, StockNews.com downgraded Vipshop from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.13.

Vipshop Trading Down 2.5 %

Shares of NYSE:VIPS opened at $15.33 on Thursday. Vipshop Holdings Limited has a 12-month low of $13.80 and a 12-month high of $20.19. The business’s fifty day simple moving average is $17.11 and its 200-day simple moving average is $16.28. The company has a market capitalization of $8.98 billion, a PE ratio of 7.55 and a beta of 0.41.

Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $5.15. The business had revenue of $34.67 billion for the quarter, compared to the consensus estimate of $33.18 billion. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business posted $0.47 EPS. Research analysts predict that Vipshop Holdings Limited will post 2.25 EPS for the current year.

Vipshop Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, April 8th. Shareholders of record on Friday, March 15th were given a dividend of $0.43 per share. The ex-dividend date was Thursday, March 14th. This represents a yield of 2.3%. Vipshop’s dividend payout ratio is currently 20.20%.

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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.