Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 74.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 107,825 shares of the technology company’s stock after selling 314,591 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vipshop were worth $1,452,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Vipshop by 16.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,035,334 shares of the technology company’s stock worth $27,416,000 after acquiring an additional 286,604 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of Vipshop by 53.9% during the 4th quarter. Metis Global Partners LLC now owns 17,277 shares of the technology company’s stock worth $233,000 after acquiring an additional 6,050 shares in the last quarter. Todd Asset Management LLC boosted its stake in shares of Vipshop by 19.0% during the 4th quarter. Todd Asset Management LLC now owns 2,110,710 shares of the technology company’s stock worth $28,431,000 after acquiring an additional 337,009 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Vipshop during the 4th quarter worth $210,000. Finally, Nan Fung Trinity HK Ltd. bought a new stake in shares of Vipshop during the 4th quarter worth $5,026,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Stock Performance

Shares of VIPS opened at $17.33 on Wednesday. The company’s 50 day moving average price is $14.98 and its 200 day moving average price is $14.37. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $18.08. The company has a market capitalization of $8.89 billion, a PE ratio of 8.29, a PEG ratio of 1.52 and a beta of 0.30.

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

Vipshop Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.43 dividend. This represents a yield of 2.9%. The ex-dividend date of this dividend is Friday, April 11th. Vipshop’s dividend payout ratio (DPR) is presently 24.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Benchmark reissued a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Barclays raised their target price on Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Citigroup reduced their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Vipshop currently has a consensus rating of “Hold” and an average target price of $15.75.

Vipshop 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.