Sei Investments Co. Sells 13,470 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Sei Investments Co. cut its position in Vipshop Holdings Limited (NYSE:VIPS) by 0.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,596,039 shares of the technology company’s stock after selling 13,470 shares during the period. Sei Investments Co.’s holdings in Vipshop were worth $21,499,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Hhlr Advisors LTD. lifted its stake in Vipshop by 6.2% in the third quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock valued at $247,281,000 after acquiring an additional 914,322 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Vipshop by 1.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company’s stock valued at $149,619,000 after purchasing an additional 139,320 shares during the last quarter. Polaris Capital Management LLC bought a new position in Vipshop during the fourth quarter worth about $63,095,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Vipshop by 179.5% during the third 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 buying an additional 2,558,896 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Vipshop by 5.7% in the third quarter. Geode Capital Management LLC now owns 3,256,744 shares of the technology company’s stock valued at $50,937,000 after buying an additional 176,037 shares during the period. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VIPS has been the subject of several research analyst reports. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Barclays upped their price objective on shares of Vipshop from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Vipshop has an average rating of “Hold” and an average price target of $15.75.

Vipshop Price Performance

Shares of NYSE VIPS opened at $16.35 on Thursday. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 1.52 and a beta of 0.30. The stock’s fifty day moving average price is $15.39 and its two-hundred day moving average price is $14.53. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $17.94.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The business had revenue of $4.55 billion for 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%. On average, equities analysts anticipate that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.

Vipshop Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given 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 is currently 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.