Northern Trust Corp Raises Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Northern Trust Corp raised its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 91.2% during the 4th quarter, Holdings Channel reports. The firm owned 2,591,643 shares of the technology company’s stock after buying an additional 1,236,106 shares during the quarter. Northern Trust Corp’s holdings in Vipshop were worth $34,909,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. boosted its position in Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock valued at $134,000 after buying an additional 1,487 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Vipshop in the 4th quarter valued at $161,000. Atomi Financial Group Inc. raised its holdings in shares of Vipshop by 10.8% during 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 during the last quarter. Vontobel Holding Ltd. acquired a new position in Vipshop during the fourth quarter valued at $165,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Vipshop during the 4th quarter worth about $175,000. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Price Performance

Shares of VIPS stock opened at $13.87 on Friday. The stock has a 50 day simple moving average of $14.66 and a 200-day simple moving average of $14.27. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $17.94. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 1.52 and a beta of 0.60.

Vipshop (NYSE:VIPS) last posted its quarterly earnings data 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). The company had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. Analysts anticipate that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.

Vipshop Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VIPS shares. Citigroup cut Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a report on Tuesday, April 1st. Barclays raised their price objective on shares of Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Finally, StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Vipshop currently has a consensus rating of “Hold” and an average price target of $15.30.

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.