Bank of New York Mellon Corp Has $7.26 Million Stake in Vipshop Holdings Limited (NYSE:VIPS)

Bank of New York Mellon Corp decreased its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 15.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 538,729 shares of the technology company’s stock after selling 101,816 shares during the period. Bank of New York Mellon Corp’s holdings in Vipshop were worth $7,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC acquired a new stake in shares of Vipshop in the third quarter valued at approximately $56,000. Blue Trust Inc. increased its holdings in shares of Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock valued at $134,000 after purchasing an additional 1,487 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Vipshop by 10.8% in the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after purchasing an additional 1,191 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Vipshop in the fourth quarter valued at approximately $165,000. Finally, Polymer Capital Management HK LTD acquired a new stake in shares of Vipshop in the third quarter valued at approximately $175,000. Institutional investors and hedge funds own 48.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup lowered their price target on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Barclays lifted their target price on shares of Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Finally, StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vipshop presently has a consensus rating of “Hold” and an average price target of $15.75.

Vipshop Stock Up 0.5 %

Shares of NYSE VIPS opened at $16.84 on Friday. The company’s fifty day moving average is $14.80 and its 200-day moving average is $14.29. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 8.06, a P/E/G ratio of 1.52 and a beta of 0.30. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $18.08.

Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $3.82 billion. Vipshop had a return on equity of 20.89% and a net margin of 7.50%. On average, research analysts anticipate that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.

Vipshop Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, April 11th. This represents a dividend yield of 2.9%. Vipshop’s dividend payout ratio is 24.24%.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.