abrdn plc Boosts Holdings in Vipshop Holdings Limited (NYSE:VIPS)

abrdn plc boosted its position in Vipshop Holdings Limited (NYSE:VIPS) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 571,848 shares of the technology company’s stock after buying an additional 14,547 shares during the period. abrdn plc’s holdings in Vipshop were worth $10,156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Impact Partnership Wealth LLC acquired a new stake in Vipshop in the third quarter valued at $41,000. Asset Management One Co. Ltd. lifted its holdings in Vipshop by 6.6% in the third quarter. Asset Management One Co. Ltd. now owns 60,135 shares of the technology company’s stock valued at $963,000 after acquiring an additional 3,700 shares during the period. Maple Brown Abbott Ltd lifted its holdings in Vipshop by 33.6% in the third quarter. Maple Brown Abbott Ltd now owns 89,654 shares of the technology company’s stock valued at $1,435,000 after acquiring an additional 22,551 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Vipshop by 16.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 826,659 shares of the technology company’s stock valued at $13,235,000 after acquiring an additional 117,147 shares during the period. Finally, Altfest L J & Co. Inc. acquired a new stake in Vipshop in the third quarter valued at $480,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Benchmark reissued a “buy” rating and issued a $29.00 target price on shares of Vipshop in a report on Thursday, February 29th. HSBC reduced their target price on Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Citigroup lifted their price target on Vipshop from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, StockNews.com raised Vipshop from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 19th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $21.13.

Vipshop Stock Down 0.4 %

NYSE:VIPS opened at $15.74 on Friday. The company has a market capitalization of $9.22 billion, a PE ratio of 7.75 and a beta of 0.41. Vipshop Holdings Limited has a 52-week low of $13.80 and a 52-week high of $20.19. The stock has a fifty day simple moving average of $16.99 and a 200-day simple moving average of $16.28.

Vipshop (NYSE:VIPS) last posted its quarterly earnings data on Wednesday, February 28th. The technology company reported $5.79 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $5.15. The firm had revenue of $34.67 billion during the quarter, compared to analysts’ expectations of $33.18 billion. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.47 EPS. As a group, equities analysts anticipate that Vipshop Holdings Limited will post 2.24 earnings per share for the current year.

Vipshop Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Monday, April 8th. Investors of record on Friday, March 15th were given a dividend of $0.43 per share. This represents a yield of 2.3%. The ex-dividend date was Thursday, March 14th. Vipshop’s dividend payout ratio is presently 20.20%.

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