Arrowstreet Capital Limited Partnership Reduces Stake in Vipshop Holdings Limited (NYSE:VIPS)

Arrowstreet Capital Limited Partnership cut its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 20.0% during the fourth quarter, according to the company in its most recent Form 13F filing 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’s holdings in Vipshop were worth $77,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of VIPS. Vanguard Group Inc. raised its holdings in Vipshop by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company’s stock valued at $188,060,000 after buying an additional 79,254 shares during the period. Robeco Institutional Asset Management B.V. increased its position in Vipshop by 1.3% during the fourth 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 acquiring an additional 139,320 shares during the last quarter. Norges Bank purchased a new stake in shares of Vipshop in the fourth quarter valued at $64,115,000. Polaris Capital Management LLC bought a new position in Vipshop during the 4th quarter valued at about $63,095,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Vipshop by 179.5% in 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 purchasing an additional 2,558,896 shares during the last quarter. 48.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VIPS has been the topic of a number of analyst reports. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Barclays increased their target price on Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.10.

Vipshop Stock Performance

Shares of NYSE VIPS opened at $15.69 on Tuesday. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $17.94. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 1.52 and a beta of 0.30. The stock has a 50 day moving average price of $15.55 and a 200 day moving average price of $14.61.

Vipshop (NYSE:VIPS) last issued 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 firm had revenue of $4.55 billion during 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%. Analysts forecast that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.

Vipshop Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, April 25th. Shareholders 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 of this dividend is Friday, April 11th. Vipshop’s dividend payout ratio (DPR) is 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.