Vipshop Holdings Limited (NYSE:VIPS) Stock Holdings Cut by Ritholtz Wealth Management

Ritholtz Wealth Management reduced its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 9.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 113,152 shares of the technology company’s stock after selling 11,889 shares during the period. Ritholtz Wealth Management’s holdings in Vipshop were worth $2,010,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Natixis bought a new stake in shares of Vipshop during the 4th quarter worth $27,000. Castleview Partners LLC acquired a new stake in Vipshop during the 2nd quarter valued at $38,000. Impact Partnership Wealth LLC acquired a new stake in Vipshop during the 3rd quarter valued at $41,000. PNC Financial Services Group Inc. raised its stake in Vipshop by 18.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the technology company’s stock valued at $65,000 after purchasing an additional 730 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Vipshop by 3,900.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,000 shares of the technology company’s stock valued at $132,000 after purchasing an additional 7,800 shares during the period. 48.82% of the stock is owned by institutional investors.

Vipshop Trading Up 0.5 %

NYSE:VIPS traded up $0.09 during mid-day trading on Thursday, hitting $16.55. The company’s stock had a trading volume of 3,013,692 shares, compared to its average volume of 3,553,144. Vipshop Holdings Limited has a fifty-two week low of $13.80 and a fifty-two week high of $20.19. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of 8.21 and a beta of 0.43. The stock has a fifty day moving average of $16.86 and a 200-day moving average of $16.09.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $33.18 billion. During the same quarter in the prior year, the business posted $0.47 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities analysts anticipate that Vipshop Holdings Limited will post 2.24 earnings per share for the current fiscal year.

Vipshop Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, April 8th. Investors of record on Friday, March 15th will be given a $0.43 dividend. This represents a yield of 2.3%. The ex-dividend date of this dividend is Thursday, March 14th. Vipshop’s dividend payout ratio (DPR) is presently 20.20%.

Analysts Set New Price Targets

Several analysts have issued reports on VIPS shares. Citigroup boosted their target price 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. TheStreet upgraded shares of Vipshop from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. HSBC lowered their price target on shares of Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a report on Thursday. Benchmark restated a “buy” rating and set a $29.00 price target on shares of Vipshop in a report on Thursday, February 29th. Finally, StockNews.com upgraded shares of Vipshop from a “buy” rating to a “strong-buy” rating in a report on Friday, February 16th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $20.59.

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