Todd Asset Management LLC Raises Position in Vipshop Holdings Limited (NYSE:VIPS)

Todd Asset Management LLC grew its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 19.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,110,710 shares of the technology company’s stock after buying an additional 337,009 shares during the period. Todd Asset Management LLC’s holdings in Vipshop were worth $28,431,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. First Beijing Investment Ltd acquired a new stake in Vipshop during the 3rd quarter worth about $120,182,000. Polaris Capital Management LLC purchased a new position in Vipshop during the fourth quarter worth approximately $63,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Vipshop by 179.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock valued at $62,670,000 after buying an additional 2,558,896 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Vipshop in the third quarter valued at about $14,938,000. Finally, Hhlr Advisors LTD. boosted its holdings in Vipshop by 6.2% in the 3rd quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock worth $247,281,000 after buying an additional 914,322 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Stock Down 3.2 %

NYSE:VIPS opened at $14.26 on Tuesday. The stock’s fifty day moving average is $14.00 and its two-hundred day moving average is $13.99. The company has a market capitalization of $7.32 billion, a P/E ratio of 6.82, a P/E/G ratio of 1.52 and a beta of 0.30. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $20.19.

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

Vipshop Announces Dividend

The business also recently announced an annual dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.43 dividend. The ex-dividend date is Friday, April 11th. This represents a yield of 2.9%. Vipshop’s dividend payout ratio (DPR) is presently 20.71%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VIPS. Citigroup lowered their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Barclays began coverage on Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price for the company. Finally, StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a report on Friday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.50.

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