Victory Capital Management Inc. Sells 34,090 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Victory Capital Management Inc. trimmed its stake in Vipshop Holdings Limited (NYSE:VIPS) by 46.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,036 shares of the technology company’s stock after selling 34,090 shares during the period. Victory Capital Management Inc.’s holdings in Vipshop were worth $526,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Atomi Financial Group Inc. boosted its stake in Vipshop by 10.8% in the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock worth $165,000 after buying an additional 1,191 shares in the last quarter. Blue Trust Inc. boosted its stake in Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock worth $134,000 after buying an additional 1,487 shares in the last quarter. Lester Murray Antman dba SimplyRich boosted its stake in Vipshop by 1.0% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 151,159 shares of the technology company’s stock worth $2,036,000 after buying an additional 1,526 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in Vipshop by 0.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock worth $4,691,000 after buying an additional 2,055 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Vipshop by 16.9% in the third quarter. Quantinno Capital Management LP now owns 15,811 shares of the technology company’s stock worth $249,000 after buying an additional 2,284 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VIPS. Barclays upped their target price on Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.75.

Vipshop Stock Performance

NYSE:VIPS opened at $16.29 on Friday. The firm has a market cap of $8.36 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The business has a 50 day moving average price of $15.19 and a 200-day moving average price of $14.43.

Vipshop (NYSE:VIPS) last announced its quarterly earnings results 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 return on equity of 20.89% and a net margin of 7.50%. The business had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Research analysts predict 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 will be paid on Friday, April 25th. Investors 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 payout ratio is 24.24%.

About Vipshop

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.