Vipshop Holdings Limited $VIPS Shares Sold by Danske Bank A S

Danske Bank A S lessened its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 22.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 142,248 shares of the technology company’s stock after selling 40,600 shares during the quarter. Danske Bank A S’s holdings in Vipshop were worth $2,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mariner LLC boosted its position in Vipshop by 3.2% during the 3rd quarter. Mariner LLC now owns 18,308 shares of the technology company’s stock worth $360,000 after acquiring an additional 561 shares during the period. D Orazio & Associates Inc. increased its holdings in shares of Vipshop by 4.3% during the third quarter. D Orazio & Associates Inc. now owns 15,119 shares of the technology company’s stock valued at $297,000 after purchasing an additional 618 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Vipshop by 0.6% during the third quarter. Quadrant Capital Group LLC now owns 126,881 shares of the technology company’s stock valued at $2,492,000 after purchasing an additional 787 shares in the last quarter. Lester Murray Antman dba SimplyRich lifted its holdings in Vipshop by 0.7% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 147,719 shares of the technology company’s stock worth $2,613,000 after purchasing an additional 966 shares during the period. Finally, Huntington National Bank lifted its holdings in Vipshop by 36.3% in the third quarter. Huntington National Bank now owns 4,530 shares of the technology company’s stock worth $89,000 after purchasing an additional 1,207 shares during the period. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Trading Down 1.0%

VIPS stock opened at $14.13 on Wednesday. Vipshop Holdings Limited has a one year low of $13.35 and a one year high of $21.08. The firm has a market capitalization of $6.76 billion, a PE ratio of 7.10, a P/E/G ratio of 1.18 and a beta of 0.67. The firm has a 50-day moving average of $15.58 and a two-hundred day moving average of $17.49.

Vipshop Increases Dividend

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

Analyst Ratings Changes

Several research firms have commented on VIPS. Zacks Research raised shares of Vipshop from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a research note on Friday, March 27th. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday, February 27th. JPMorgan Chase & Co. lowered their price objective on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Vipshop in a report on Thursday, February 26th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Vipshop currently has an average rating of “Moderate Buy” and a consensus price target of $20.48.

Vipshop Company 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.