Pictet Asset Management Holding SA Sells 84,400 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Pictet Asset Management Holding SA trimmed its position in Vipshop Holdings Limited (NYSE:VIPS) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 371,500 shares of the technology company’s stock after selling 84,400 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Vipshop were worth $5,004,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock worth $134,000 after buying an additional 1,487 shares during the period. Atomi Financial Group Inc. grew its holdings in Vipshop by 10.8% during the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock worth $165,000 after acquiring an additional 1,191 shares during the period. Vontobel Holding Ltd. acquired a new stake in Vipshop during the 4th quarter worth $165,000. Polymer Capital Management HK LTD acquired a new position in shares of Vipshop in the 3rd quarter valued at $175,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Vipshop in the 4th quarter worth $175,000. 48.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

VIPS has been the subject of a number of recent analyst reports. Citigroup downgraded Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a report on Tuesday. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, 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 note on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.30.

Vipshop Price Performance

NYSE:VIPS opened at $14.85 on Friday. The business’s 50-day simple moving average is $15.63 and its 200-day simple moving average is $14.63. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The stock has a market capitalization of $7.62 billion, a PE ratio of 7.10, a price-to-earnings-growth ratio of 1.52 and a beta of 0.53.

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

Vipshop Announces Dividend

The company also recently announced an annual dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.43 per share. This represents a yield of 2.9%. The ex-dividend date is Friday, April 11th. Vipshop’s dividend payout ratio (DPR) is presently 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.