Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 30.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 572,287 shares of the technology company’s stock after selling 254,372 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vipshop were worth $10,164,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its position in shares of Vipshop by 362.9% during the 1st quarter. Hsbc Holdings PLC now owns 4,236,968 shares of the technology company’s stock worth $38,142,000 after purchasing an additional 3,321,593 shares during the last quarter. Norges Bank purchased a new stake in shares of Vipshop in the 4th quarter valued at approximately $40,843,000. Ariose Capital Management Ltd acquired a new position in shares of Vipshop in the 4th quarter worth approximately $35,498,000. Krane Funds Advisors LLC boosted its position in shares of Vipshop by 14.2% during the 3rd quarter. Krane Funds Advisors LLC now owns 13,062,322 shares of the technology company’s stock worth $209,128,000 after purchasing an additional 1,622,703 shares during the period. Finally, Carmignac Gestion raised its position in Vipshop by 32,313.4% in the third quarter. Carmignac Gestion now owns 1,561,030 shares of the technology company’s stock valued at $24,953,000 after purchasing an additional 1,556,214 shares during the period. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VIPS shares. Citigroup upped their price objective on Vipshop from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. HSBC lowered their price objective on Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. StockNews.com raised shares of Vipshop from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Benchmark reiterated a “buy” rating and set a $29.00 price target on shares of Vipshop in a report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $21.13.

Vipshop Stock Performance

VIPS opened at $15.16 on Friday. Vipshop Holdings Limited has a one year low of $13.80 and a one year high of $20.19. The company has a market cap of $8.88 billion, a P/E ratio of 7.47 and a beta of 0.41. The business’s 50-day simple moving average is $17.06 and its 200-day simple moving average is $16.27.

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

Vipshop Announces Dividend

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