GF Fund Management CO. LTD. Has $4.13 Million Holdings in Vipshop Holdings Limited $VIPS

GF Fund Management CO. LTD. lessened its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 16.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 233,551 shares of the technology company’s stock after selling 45,775 shares during the period. GF Fund Management CO. LTD.’s holdings in Vipshop were worth $4,132,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of VIPS. KBC Group NV lifted its position in shares of Vipshop by 31.6% during the fourth quarter. KBC Group NV now owns 140,581 shares of the technology company’s stock valued at $2,487,000 after buying an additional 33,754 shares during the last quarter. Farther Finance Advisors LLC grew its position in Vipshop by 229.1% in the 4th quarter. Farther Finance Advisors LLC now owns 8,648 shares of the technology company’s stock valued at $153,000 after acquiring an additional 6,020 shares in the last quarter. Lester Murray Antman dba SimplyRich grew its position in Vipshop by 0.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 147,719 shares of the technology company’s stock valued at $2,613,000 after acquiring an additional 966 shares in the last quarter. Ritholtz Wealth Management grew its position in Vipshop by 17.3% in the 4th quarter. Ritholtz Wealth Management now owns 185,392 shares of the technology company’s stock valued at $3,280,000 after acquiring an additional 27,347 shares in the last quarter. Finally, Richardson Financial Services Inc. grew its position in Vipshop by 153.8% in the 4th quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,250 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Performance

VIPS opened at $15.61 on Friday. Vipshop Holdings Limited has a one year low of $12.21 and a one year high of $21.08. The stock’s fifty day moving average is $16.21 and its 200-day moving average is $17.88. The company has a market capitalization of $8.00 billion, a PE ratio of 7.84, a P/E/G ratio of 1.26 and a beta of 0.76.

Vipshop Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a dividend yield of 411.0%. This is an increase from Vipshop’s previous annual dividend of $0.43. Vipshop’s payout ratio is 30.15%.

Analyst Ratings Changes

Several research firms have weighed in on VIPS. JPMorgan Chase & Co. dropped their target price on Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Vipshop in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a research report on Friday, March 27th. Wall Street Zen downgraded Vipshop from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. Finally, Zacks Research raised Vipshop from a “strong sell” rating to a “hold” rating in a research report 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 stock. According to MarketBeat.com, Vipshop currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.48.

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.