National Bank of Canada FI Buys 556,392 Shares of Vipshop Holdings Limited (NYSE:VIPS)

National Bank of Canada FI grew its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 22,608.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 558,853 shares of the technology company’s stock after purchasing an additional 556,392 shares during the quarter. National Bank of Canada FI owned about 0.10% of Vipshop worth $9,707,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the business. Inspire Investing LLC increased its holdings in shares of Vipshop by 33.5% during the 3rd quarter. Inspire Investing LLC now owns 43,392 shares of the technology company’s stock worth $695,000 after purchasing an additional 10,894 shares during the period. Panagora Asset Management Inc. raised its holdings in Vipshop by 36.9% in the 3rd quarter. Panagora Asset Management Inc. now owns 165,482 shares of the technology company’s stock valued at $2,649,000 after acquiring an additional 44,600 shares in the last quarter. Aubrey Capital Management Ltd lifted its position in shares of Vipshop by 18.8% in the 3rd quarter. Aubrey Capital Management Ltd now owns 882,530 shares of the technology company’s stock worth $13,731,000 after acquiring an additional 139,600 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of Vipshop by 20.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 681,789 shares of the technology company’s stock worth $10,915,000 after purchasing an additional 115,892 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Vipshop by 5.8% during the third quarter. Daiwa Securities Group Inc. now owns 27,400 shares of the technology company’s stock valued at $439,000 after purchasing an additional 1,500 shares during the period. 48.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Vipshop Stock Performance

Shares of VIPS stock opened at $15.93 on Thursday. The stock’s fifty day moving average is $16.71 and its 200-day moving average is $16.29. Vipshop Holdings Limited has a 52 week low of $13.80 and a 52 week high of $20.19. The stock has a market capitalization of $9.33 billion, a PE ratio of 7.84 and a beta of 0.44.

Vipshop (NYSE:VIPS) last posted 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. Vipshop had a net margin of 7.20% and a return on equity of 23.19%. The firm had revenue of $34.67 billion during the quarter, compared to analysts’ expectations of $33.18 billion. During the same quarter last year, the company posted $0.47 EPS. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, analysts forecast that Vipshop Holdings Limited will post 2.24 earnings per share for the current fiscal year.

Vipshop Announces Dividend

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

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.