Zurcher Kantonalbank Zurich Cantonalbank Reduces Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 30.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 572,287 shares of the technology company’s stock after selling 254,372 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.10% of Vipshop worth $10,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VIPS. Benchmark reaffirmed a “buy” rating and set a $29.00 target price on shares of Vipshop in a research note on Thursday, February 29th. StockNews.com raised Vipshop from a “buy” rating to a “strong-buy” rating in a report on Friday. HSBC dropped their price target on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. Finally, Citigroup raised their price objective on shares of Vipshop from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $21.13.

Vipshop Stock Performance

Shares of NYSE:VIPS opened at $15.16 on Friday. The business has a 50-day simple moving average of $17.06 and a two-hundred day simple moving average of $16.27. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 7.47 and a beta of 0.41. Vipshop Holdings Limited has a fifty-two week low of $13.80 and a fifty-two week high of $20.19.

Vipshop (NYSE:VIPS) last issued its quarterly earnings data 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 company had revenue of $34.67 billion for the quarter, compared to the consensus estimate of $33.18 billion. Vipshop had a net margin of 7.20% and a return on equity of 23.19%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 earnings per share. As a group, research analysts predict that Vipshop Holdings Limited will post 2.25 earnings per share for the current year.

Vipshop Dividend Announcement

The firm 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 of this dividend was Thursday, March 14th. This represents a yield of 2.3%. Vipshop’s payout ratio is 20.20%.

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