E Fund Management Co. Ltd. Reduces Position in Vipshop Holdings Limited (NYSE:VIPS)

E Fund Management Co. Ltd. decreased its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,863,897 shares of the technology company’s stock after selling 266,327 shares during the period. Vipshop accounts for 1.3% of E Fund Management Co. Ltd.’s investment portfolio, making the stock its 16th biggest position. E Fund Management Co. Ltd. owned approximately 0.36% of Vipshop worth $25,107,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Hhlr Advisors LTD. increased its position in Vipshop by 6.2% during the third quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock worth $247,281,000 after buying an additional 914,322 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Vipshop by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company’s stock valued at $149,619,000 after purchasing an additional 139,320 shares during the period. First Beijing Investment Ltd purchased a new stake in shares of Vipshop in the third quarter valued at $120,182,000. Massachusetts Financial Services Co. MA grew its position in shares of Vipshop by 7.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,828,506 shares of the technology company’s stock valued at $75,952,000 after purchasing an additional 333,989 shares during the period. Finally, Polaris Capital Management LLC purchased a new stake in shares of Vipshop in the fourth quarter valued at $63,095,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VIPS. Barclays lifted their target price on Vipshop from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Citigroup reduced their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. StockNews.com upgraded 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vipshop currently has an average rating of “Hold” and a consensus price target of $15.75.

Vipshop Stock Performance

Shares of NYSE VIPS opened at $16.93 on Thursday. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $18.75. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 1.52 and a beta of 0.30. The stock’s 50-day simple moving average is $14.26 and its 200-day simple moving average is $14.07.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data 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 the consensus estimate of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. As a group, research analysts predict that Vipshop Holdings Limited will post 1.95 EPS for the current year.

Vipshop Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.43 dividend. This represents a yield of 2.9%. The ex-dividend date of this dividend is Friday, April 11th. Vipshop’s dividend payout ratio is currently 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.