Skandinaviska Enskilda Banken AB publ Raises Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Skandinaviska Enskilda Banken AB publ raised its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 12.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,114 shares of the technology company’s stock after purchasing an additional 7,606 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Vipshop were worth $931,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Atomi Financial Group Inc. raised its holdings in Vipshop by 10.8% in the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after buying an additional 1,191 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Vipshop by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company’s stock worth $349,000 after acquiring an additional 1,400 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock worth $134,000 after purchasing an additional 1,487 shares during the period. Lester Murray Antman dba SimplyRich increased its holdings in Vipshop by 1.0% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 151,159 shares of the technology company’s stock valued at $2,036,000 after purchasing an additional 1,526 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its position in Vipshop by 0.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock valued at $4,691,000 after purchasing an additional 2,055 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Barclays lifted their target price on Vipshop from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Citigroup reduced their price target on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.75.

Vipshop Stock Performance

Shares of Vipshop stock opened at $17.77 on Tuesday. The business has a 50-day simple moving average of $14.89 and a 200-day simple moving average of $14.34. The company has a market cap of $9.12 billion, a PE ratio of 8.50, a P/E/G ratio of 1.52 and a beta of 0.30. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $18.08.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data 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 firm had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $3.82 billion. Vipshop had a net margin of 7.50% and a return on equity of 20.89%. On average, sell-side analysts predict that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.

Vipshop Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a dividend yield of 2.9%. Vipshop’s payout ratio is currently 24.24%.

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