Todd Asset Management LLC Boosts Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Todd Asset Management LLC lifted its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 19.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,110,710 shares of the technology company’s stock after acquiring an additional 337,009 shares during the quarter. Todd Asset Management LLC owned approximately 0.41% of Vipshop worth $28,431,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lingohr Asset Management GmbH bought a new position in shares of Vipshop in the third quarter worth approximately $921,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Vipshop by 179.5% in 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 buying an additional 2,558,896 shares during the period. FMR LLC increased its stake in Vipshop by 8.5% in the 3rd quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock worth $32,579,000 after buying an additional 162,027 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Vipshop by 9.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,059 shares of the technology company’s stock valued at $13,340,000 after acquiring an additional 75,590 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Vipshop by 19.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,748,730 shares of the technology company’s stock valued at $27,508,000 after acquiring an additional 290,583 shares during the period. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Trading Down 3.2 %

Shares of Vipshop stock opened at $14.26 on Tuesday. The stock’s fifty day moving average price is $14.00 and its 200-day moving average price is $13.99. The firm has a market cap of $7.32 billion, a P/E ratio of 6.82, a P/E/G ratio of 1.52 and a beta of 0.30. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $20.19.

Vipshop (NYSE:VIPS) last posted its 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). Vipshop had a net margin of 7.50% and a return on equity of 20.89%. The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Analysts forecast that Vipshop Holdings Limited will post 1.95 earnings per share for the current year.

Vipshop Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.43 dividend. This represents a yield of 2.9%. The ex-dividend date is Friday, April 11th. Vipshop’s dividend payout ratio (DPR) is 20.71%.

Wall Street Analyst Weigh In

Several research firms have weighed in on VIPS. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research note on Friday. Citigroup reduced their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Finally, Barclays started coverage on Vipshop in a research note on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Vipshop has a consensus rating of “Hold” and a consensus target price of $17.50.

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.