Leonteq Securities AG Takes Position in Vipshop Holdings Limited $VIPS

Leonteq Securities AG purchased a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 121,564 shares of the technology company’s stock, valued at approximately $2,150,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VIPS. Goldman Sachs Group Inc. lifted its holdings in shares of Vipshop by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock valued at $77,326,000 after purchasing an additional 1,126,983 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Vipshop by 24.2% during the second quarter. Guggenheim Capital LLC now owns 45,053 shares of the technology company’s stock valued at $678,000 after purchasing an additional 8,779 shares in the last quarter. Jump Financial LLC bought a new position in shares of Vipshop during the second quarter valued at $505,000. California Public Employees Retirement System lifted its holdings in shares of Vipshop by 9.6% during the second quarter. California Public Employees Retirement System now owns 668,627 shares of the technology company’s stock valued at $10,063,000 after purchasing an additional 58,820 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Vipshop by 14.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 42,000 shares of the technology company’s stock valued at $632,000 after buying an additional 5,200 shares during the last quarter. 48.82% of the stock is owned by institutional investors.

Vipshop Stock Performance

VIPS stock opened at $14.20 on Thursday. Vipshop Holdings Limited has a fifty-two week low of $13.35 and a fifty-two week high of $21.08. The business’s 50-day moving average is $15.07 and its two-hundred day moving average is $17.17. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 7.14, a P/E/G ratio of 1.16 and a beta of 0.67.

Vipshop (NYSE:VIPS) last posted its earnings results on Thursday, May 21st. The technology company reported $3.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $2.71. Vipshop had a return on equity of 16.86% and a net margin of 6.84%.The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.85 billion. Equities analysts predict that Vipshop Holdings Limited will post 2.28 earnings per share for the current year.

Vipshop Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on VIPS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a report on Friday, March 27th. Jefferies Financial Group reissued a “buy” rating on shares of Vipshop in a report on Thursday, February 26th. Nomura raised Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Friday, February 27th. Finally, JPMorgan Chase & Co. lowered their target price on Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus 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.