SVB Wealth LLC Trims Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

SVB Wealth LLC trimmed its stake in Vipshop Holdings Limited (NYSE:VIPS) by 10.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,999 shares of the technology company’s stock after selling 1,278 shares during the period. SVB Wealth LLC’s holdings in Vipshop were worth $195,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Impact Partnership Wealth LLC purchased a new stake in Vipshop during the 3rd quarter worth approximately $41,000. Blue Trust Inc. grew its holdings in Vipshop by 243.5% during the 4th quarter. Blue Trust Inc. now owns 3,140 shares of the technology company’s stock worth $56,000 after acquiring an additional 2,226 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Vipshop by 65.6% during the 4th quarter. Global Retirement Partners LLC now owns 3,692 shares of the technology company’s stock worth $66,000 after acquiring an additional 1,462 shares in the last quarter. Tucker Asset Management LLC acquired a new position in shares of Vipshop in the 3rd quarter valued at $152,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Vipshop by 8.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,460 shares of the technology company’s stock valued at $183,000 after buying an additional 905 shares in the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Stock Performance

VIPS opened at $15.80 on Wednesday. The company’s 50 day simple moving average is $17.01 and its 200 day simple moving average is $16.28. Vipshop Holdings Limited has a 1 year low of $13.80 and a 1 year high of $20.19. The stock has a market capitalization of $9.26 billion, a PE ratio of 7.78 and a beta of 0.41.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 EPS 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 for the quarter, compared to analyst estimates of $33.18 billion. During the same quarter last year, the firm posted $0.47 earnings per share. Vipshop’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, sell-side analysts expect that Vipshop Holdings Limited will post 2.25 earnings per share for the current fiscal year.

Vipshop Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently weighed in on VIPS. StockNews.com upgraded shares of Vipshop from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 19th. Benchmark reissued a “buy” rating and issued a $29.00 price objective on shares of Vipshop in a research note on Thursday, February 29th. Citigroup increased their price objective on shares of Vipshop from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Finally, HSBC decreased their price target on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $21.13.

Vipshop Company 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.