Handelsbanken Fonder AB Sells 90,926 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Handelsbanken Fonder AB reduced its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 28.3% in the 4th quarter, Holdings Channel reports. The fund owned 230,040 shares of the technology company’s stock after selling 90,926 shares during the quarter. Handelsbanken Fonder AB’s holdings in Vipshop were worth $4,086,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of VIPS. Ariose Capital Management Ltd bought a new stake in shares of Vipshop in the fourth quarter worth about $35,498,000. Krane Funds Advisors LLC increased its holdings in shares of Vipshop by 14.2% in the third quarter. Krane Funds Advisors LLC now owns 13,062,322 shares of the technology company’s stock worth $209,128,000 after acquiring an additional 1,622,703 shares in the last quarter. Carmignac Gestion increased its holdings in shares of Vipshop by 32,313.4% in the third quarter. Carmignac Gestion now owns 1,561,030 shares of the technology company’s stock worth $24,953,000 after acquiring an additional 1,556,214 shares in the last quarter. Ninety One UK Ltd increased its holdings in shares of Vipshop by 291.1% in the fourth quarter. Ninety One UK Ltd now owns 1,788,026 shares of the technology company’s stock worth $31,755,000 after acquiring an additional 1,330,802 shares in the last quarter. Finally, Yunqi Capital Ltd bought a new stake in shares of Vipshop in the third quarter worth about $19,473,000. 48.82% of the stock is currently owned by institutional investors.

Vipshop Stock Performance

Shares of Vipshop stock opened at $15.74 on Friday. The business’s 50 day simple moving average is $16.99 and its 200 day simple moving average is $16.28. The firm has a market cap of $9.22 billion, a PE ratio of 7.75 and a beta of 0.41. Vipshop Holdings Limited has a 52-week low of $13.80 and a 52-week high of $20.19.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $5.15. The firm had revenue of $34.67 billion during the quarter, compared to the consensus estimate of $33.18 billion. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company earned $0.47 earnings per share. As a group, equities research analysts predict that Vipshop Holdings Limited will post 2.24 EPS for the current year.

Vipshop Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, April 8th. Shareholders of record on Friday, March 15th were paid a $0.43 dividend. The ex-dividend date was Thursday, March 14th. This represents a yield of 2.3%. Vipshop’s dividend payout ratio is 20.20%.

Analysts Set New Price Targets

VIPS has been the topic of a number of recent research reports. HSBC dropped their target price on Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. Citigroup lifted their target price on Vipshop from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Benchmark reissued a “buy” rating and issued a $29.00 target price on shares of Vipshop in a research report on Thursday, February 29th. Finally, StockNews.com raised Vipshop from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $21.13.

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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.