Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Assetmark Inc.

Assetmark Inc. lessened its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 43.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,311 shares of the technology company’s stock after selling 4,112 shares during the period. Assetmark Inc.’s holdings in Vipshop were worth $72,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of VIPS. Venturi Wealth Management LLC acquired a new position in shares of Vipshop during the 3rd quarter worth about $56,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Vipshop by 1.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 842,863 shares of the technology company’s stock valued at $13,258,000 after acquiring an additional 14,428 shares during the last quarter. Swiss National Bank raised its holdings in Vipshop by 1.4% in the 3rd quarter. Swiss National Bank now owns 843,462 shares of the technology company’s stock valued at $13,268,000 after acquiring an additional 11,300 shares during the last quarter. Lingohr Asset Management GmbH acquired a new stake in Vipshop in the 3rd quarter valued at about $921,000. Finally, Banque Cantonale Vaudoise raised its holdings in Vipshop by 68.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 148,000 shares of the technology company’s stock valued at $2,328,000 after acquiring an additional 60,000 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Price Performance

Vipshop stock opened at $16.84 on Friday. The firm has a 50 day simple moving average of $14.73 and a 200-day simple moving average of $14.24. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $18.08. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 8.06, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30.

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

Vipshop Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Friday, April 25th. Investors 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 payout ratio is currently 24.24%.

Wall Street Analyst Weigh In

VIPS has been the subject of a number of recent research reports. Citigroup cut their price objective 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. Barclays increased their price objective on shares of Vipshop from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Benchmark reiterated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.75.

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.