Strs Ohio Raises Stake in Vipshop Holdings Limited (NYSE:VIPS)

Strs Ohio lifted its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 46.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 430,890 shares of the technology company’s stock after purchasing an additional 137,300 shares during the quarter. Strs Ohio’s holdings in Vipshop were worth $7,652,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VIPS. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Vipshop by 136.5% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 263,691 shares of the technology company’s stock valued at $2,136,000 after purchasing an additional 152,189 shares in the last quarter. American Century Companies Inc. raised its position in shares of Vipshop by 13.9% in the 1st quarter. American Century Companies Inc. now owns 183,326 shares of the technology company’s stock valued at $1,650,000 after purchasing an additional 22,392 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Vipshop in the 1st quarter valued at approximately $108,000. Great West Life Assurance Co. Can increased its holdings in shares of Vipshop by 3.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 658,785 shares of the technology company’s stock valued at $6,197,000 after acquiring an additional 21,100 shares during the last quarter. Finally, Yousif Capital Management LLC bought a new stake in shares of Vipshop in the 1st quarter valued at approximately $146,000. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Performance

NYSE:VIPS opened at $15.33 on Thursday. Vipshop Holdings Limited has a 1 year low of $13.80 and a 1 year high of $20.19. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 7.55 and a beta of 0.41. The business has a fifty day moving average of $17.11 and a 200-day moving average of $16.28.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $5.79 earnings per share for the quarter, beating the consensus estimate of $0.64 by $5.15. The business had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.18 billion. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share. On average, equities research analysts predict that Vipshop Holdings Limited will post 2.25 EPS for the current year.

Vipshop Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Benchmark reiterated a “buy” rating and issued a $29.00 price target on shares of Vipshop in a report on Thursday, February 29th. TheStreet upgraded Vipshop from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. StockNews.com downgraded Vipshop from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 11th. Citigroup upped their price objective on Vipshop from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, HSBC lowered their price objective on Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate 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.