Marathon Asset Management Ltd Sells 172,197 Shares of Vipshop Holdings Limited $VIPS

Marathon Asset Management Ltd cut its position in Vipshop Holdings Limited (NYSE:VIPS) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,942,551 shares of the technology company’s stock after selling 172,197 shares during the period. Vipshop accounts for approximately 2.0% of Marathon Asset Management Ltd’s investment portfolio, making the stock its 17th biggest holding. Marathon Asset Management Ltd’s holdings in Vipshop were worth $52,054,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. Mariner LLC raised its holdings in Vipshop by 3.2% in the third quarter. Mariner LLC now owns 18,308 shares of the technology company’s stock worth $360,000 after purchasing an additional 561 shares in the last quarter. D Orazio & Associates Inc. raised its holdings in Vipshop by 4.3% in the third quarter. D Orazio & Associates Inc. now owns 15,119 shares of the technology company’s stock worth $297,000 after purchasing an additional 618 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Vipshop by 0.6% in the third quarter. Quadrant Capital Group LLC now owns 126,881 shares of the technology company’s stock worth $2,492,000 after purchasing an additional 787 shares in the last quarter. Lester Murray Antman dba SimplyRich grew its stake in shares of Vipshop by 0.7% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 147,719 shares of the technology company’s stock worth $2,613,000 after acquiring an additional 966 shares during the last quarter. Finally, Huntington National Bank grew its stake in shares of Vipshop by 36.3% during the third quarter. Huntington National Bank now owns 4,530 shares of the technology company’s stock worth $89,000 after acquiring an additional 1,207 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Vipshop Stock Performance

Shares of VIPS stock opened at $14.13 on Wednesday. The stock’s 50-day simple moving average is $15.11 and its 200-day simple moving average is $17.20. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 1.15 and a beta of 0.67. Vipshop Holdings Limited has a fifty-two week low of $13.35 and a fifty-two week high of $21.08.

Vipshop Increases Dividend

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

About Vipshop

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.