The Manufacturers Life Insurance Company Sells 1,055 Shares of Vipshop Holdings Limited (NYSE:VIPS)

The Manufacturers Life Insurance Company lessened its stake in Vipshop Holdings Limited (NYSE:VIPS) by 1.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 75,376 shares of the technology company’s stock after selling 1,055 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Vipshop were worth $1,015,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hsbc Holdings PLC boosted its holdings in shares of Vipshop by 9.2% during the 4th quarter. Hsbc Holdings PLC now owns 4,039,362 shares of the technology company’s stock valued at $54,376,000 after purchasing an additional 339,661 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Vipshop by 23.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,374,840 shares of the technology company’s stock valued at $18,519,000 after buying an additional 256,680 shares during the last quarter. First Trust Advisors LP grew its holdings in Vipshop by 85.6% during the 4th quarter. First Trust Advisors LP now owns 26,523 shares of the technology company’s stock valued at $357,000 after buying an additional 12,229 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Vipshop by 14.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,063,150 shares of the technology company’s stock worth $108,608,000 after acquiring an additional 993,042 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in Vipshop by 16.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 914,058 shares of the technology company’s stock worth $12,296,000 after acquiring an additional 130,737 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

Vipshop Stock Up 0.3%

NYSE VIPS opened at $14.84 on Wednesday. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $17.94. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 1.52 and a beta of 0.60. The company has a fifty day moving average of $14.58 and a two-hundred day moving average of $14.28.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing the consensus estimate 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 net margin of 7.50% and a return on equity of 20.89%. Equities research analysts anticipate that Vipshop Holdings Limited will post 1.95 EPS for the current year.

Vipshop Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a dividend yield of 2.9%. Vipshop’s payout ratio is 24.24%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup downgraded Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a research report on Tuesday, April 1st. Barclays lifted their price objective on shares of Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Finally, StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.30.

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.