Arrowstreet Capital Limited Partnership Sells 1,438,821 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Arrowstreet Capital Limited Partnership lowered its position in Vipshop Holdings Limited (NYSE:VIPS) by 20.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,769,238 shares of the technology company’s stock after selling 1,438,821 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.12% of Vipshop worth $77,712,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Vipshop during the 4th quarter valued at about $64,115,000. Polaris Capital Management LLC bought a new position in Vipshop in the fourth quarter worth approximately $63,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 worth $62,670,000 after acquiring an additional 2,558,896 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Vipshop during the 3rd quarter valued at $14,938,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Vipshop by 53.8% in the 4th quarter. JPMorgan Chase & Co. now owns 2,597,664 shares of the technology company’s stock worth $34,991,000 after purchasing an additional 908,669 shares in the last quarter. Institutional investors own 48.82% of the company’s stock.

Vipshop Stock Down 2.7 %

NYSE VIPS opened at $15.69 on Tuesday. Vipshop Holdings Limited has a twelve month low of $11.50 and a twelve month high of $17.94. The business has a 50-day moving average price of $15.55 and a 200-day moving average price of $14.61. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30.

Vipshop (NYSE:VIPS) last posted its quarterly 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 business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. Vipshop had a return on equity of 20.89% and a net margin of 7.50%. Research analysts expect that Vipshop Holdings Limited will post 1.95 EPS for the current fiscal year.

Vipshop Announces Dividend

The business also recently declared an annual dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.43 dividend. This represents a yield of 2.9%. The ex-dividend date of this dividend is Friday, April 11th. Vipshop’s payout ratio is currently 24.24%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Barclays lifted their target price on Vipshop from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.10.

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.