Vipshop Holdings Limited (NYSE:VIPS) Shares Sold by Origin Asset Management LLP

Origin Asset Management LLP lessened its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,128,310 shares of the technology company’s stock after selling 419,220 shares during the quarter. Vipshop makes up about 14.9% of Origin Asset Management LLP’s portfolio, making the stock its 3rd biggest holding. Origin Asset Management LLP owned approximately 0.53% of Vipshop worth $55,559,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Ariose Capital Management Ltd acquired a new position in Vipshop during the fourth quarter worth $35,498,000. Krane Funds Advisors LLC raised its holdings in shares of Vipshop by 14.2% during the 3rd quarter. Krane Funds Advisors LLC now owns 13,062,322 shares of the technology company’s stock worth $209,128,000 after acquiring an additional 1,622,703 shares during the period. Carmignac Gestion boosted its position in shares of Vipshop by 32,313.4% during the 3rd quarter. Carmignac Gestion now owns 1,561,030 shares of the technology company’s stock valued at $24,953,000 after acquiring an additional 1,556,214 shares during the last quarter. Ninety One UK Ltd grew its holdings in shares of Vipshop by 291.1% in the fourth quarter. Ninety One UK Ltd now owns 1,788,026 shares of the technology company’s stock valued at $31,755,000 after purchasing an additional 1,330,802 shares during the period. Finally, Yunqi Capital Ltd acquired a new stake in Vipshop during the third quarter worth about $19,473,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VIPS. Citigroup lifted their price target on shares of Vipshop from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. StockNews.com upgraded Vipshop from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 19th. Benchmark reaffirmed a “buy” rating and issued a $29.00 price target on shares of Vipshop in a research note on Thursday, February 29th. Finally, HSBC cut their price objective on Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $21.13.

Vipshop Price Performance

Shares of NYSE VIPS traded up $1.08 during midday trading on Thursday, hitting $16.06. The company’s stock had a trading volume of 8,169,999 shares, compared to its average volume of 3,616,612. Vipshop Holdings Limited has a 1 year low of $13.80 and a 1 year high of $20.19. The business’s fifty day simple moving average is $16.86 and its two-hundred day simple moving average is $16.26. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 7.86 and a beta of 0.44.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 EPS for the quarter, beating 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 company had revenue of $34.67 billion during the quarter, compared to analysts’ expectations of $33.18 billion. During the same quarter last year, the company posted $0.47 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. Analysts anticipate that Vipshop Holdings Limited will post 2.24 EPS for the current fiscal year.

Vipshop Announces Dividend

The company also recently declared an annual dividend, which was paid on Monday, April 8th. Shareholders of record on Friday, March 15th were issued a dividend of $0.43 per share. This represents a yield of 2.3%. The ex-dividend date of this dividend was Thursday, March 14th. Vipshop’s dividend payout ratio (DPR) is presently 20.20%.

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