Ethic Inc. Has $286,000 Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Ethic Inc. reduced its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 41.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,217 shares of the technology company’s stock after selling 14,798 shares during the period. Ethic Inc.’s holdings in Vipshop were worth $286,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in VIPS. Norges Bank bought a new position in shares of Vipshop during the fourth quarter valued at about $64,115,000. Polaris Capital Management LLC bought a new position in shares of Vipshop during the fourth quarter valued at about $63,095,000. Invesco Ltd. lifted its position in shares of Vipshop by 28.4% during the fourth quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company’s stock valued at $104,516,000 after purchasing an additional 1,718,159 shares in the last quarter. Northern Trust Corp raised its position in Vipshop by 91.2% in the fourth quarter. Northern Trust Corp now owns 2,591,643 shares of the technology company’s stock worth $34,909,000 after acquiring an additional 1,236,106 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Vipshop by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,063,150 shares of the technology company’s stock worth $108,608,000 after acquiring an additional 993,042 shares during the period. 48.82% of the stock is owned by institutional investors.

Vipshop Stock Up 5.6%

NYSE VIPS opened at $15.32 on Friday. The company’s 50 day moving average is $14.47 and its 200-day moving average is $14.29. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $17.94. The firm has a market cap of $7.86 billion, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 1.52 and a beta of 0.60.

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

Vipshop Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a $0.43 dividend. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, April 11th. Vipshop’s dividend payout ratio (DPR) is currently 24.24%.

Analyst Upgrades and Downgrades

Several analysts have commented on VIPS shares. Barclays lifted their price objective on shares of Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Citigroup lowered shares of Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research report on Tuesday, April 1st. Finally, StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.30.

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.