Prudential PLC Has $21.01 Million Stock Holdings in Vipshop Holdings Limited $VIPS

Prudential PLC lowered its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 20.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,069,712 shares of the technology company’s stock after selling 272,581 shares during the period. Prudential PLC owned approximately 0.21% of Vipshop worth $21,009,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in VIPS. Vise Technologies Inc. grew its stake in shares of Vipshop by 4.1% in the 3rd quarter. Vise Technologies Inc. now owns 56,522 shares of the technology company’s stock valued at $1,110,000 after buying an additional 2,222 shares during the period. Invesco Ltd. boosted its holdings in Vipshop by 87.2% in the third quarter. Invesco Ltd. now owns 16,715,656 shares of the technology company’s stock worth $328,295,000 after acquiring an additional 7,785,027 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Vipshop by 19.5% in the third quarter. BNP Paribas Financial Markets now owns 1,838,520 shares of the technology company’s stock worth $36,109,000 after acquiring an additional 300,396 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Vipshop by 0.6% in the third quarter. Quadrant Capital Group LLC now owns 126,881 shares of the technology company’s stock valued at $2,492,000 after acquiring an additional 787 shares during the period. Finally, Van ECK Associates Corp grew its stake in Vipshop by 23.2% in the third quarter. Van ECK Associates Corp now owns 77,563 shares of the technology company’s stock valued at $1,523,000 after acquiring an additional 14,588 shares during the period. Institutional investors own 48.82% of the company’s stock.

Vipshop Stock Up 2.0%

VIPS stock opened at $16.02 on Friday. Vipshop Holdings Limited has a twelve month low of $12.14 and a twelve month high of $21.08. The stock’s 50 day moving average is $17.28 and its 200-day moving average is $18.30. The firm has a market capitalization of $8.21 billion, a PE ratio of 8.05, a P/E/G ratio of 1.28 and a beta of 0.67.

Vipshop Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be given a $0.62 dividend. This represents a yield of 342.0%. The ex-dividend date of this dividend is Friday, April 10th. This is an increase from Vipshop’s previous annual dividend of $0.43. Vipshop’s payout ratio is currently 24.12%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Jefferies Financial Group reissued a “buy” rating on shares of Vipshop in a research report on Thursday, February 26th. Barclays boosted their price target on shares of Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Benchmark restated a “hold” rating on shares of Vipshop in a report on Friday, November 21st. Finally, Zacks Research raised shares of Vipshop from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.65.

Vipshop Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.