Ritholtz Wealth Management Has $2.01 Million Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Ritholtz Wealth Management lessened its stake in Vipshop Holdings Limited (NYSE:VIPS) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,152 shares of the technology company’s stock after selling 11,889 shares during the quarter. 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 hedge funds and other institutional investors have also bought and sold shares of the stock. Assenagon Asset Management S.A. raised its stake in Vipshop by 38.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 22,910 shares of the technology company’s stock worth $407,000 after acquiring an additional 6,368 shares in the last quarter. Ariose Capital Management Ltd acquired a new position in Vipshop during the fourth quarter worth about $35,498,000. SG Americas Securities LLC raised its stake in Vipshop by 1,013.6% during the fourth quarter. SG Americas Securities LLC now owns 318,261 shares of the technology company’s stock worth $5,652,000 after acquiring an additional 289,681 shares in the last quarter. Nordea Investment Management AB raised its stake in Vipshop by 21.4% during the fourth quarter. Nordea Investment Management AB now owns 1,322,433 shares of the technology company’s stock worth $23,592,000 after acquiring an additional 233,438 shares in the last quarter. Finally, Dfpg Investments LLC increased its stake in shares of Vipshop by 11.5% in the fourth quarter. Dfpg Investments LLC now owns 33,777 shares of the technology company’s stock valued at $590,000 after buying an additional 3,483 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 issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Vipshop in a research note on Thursday, February 29th. StockNews.com raised Vipshop from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 16th. Citigroup upped their price objective on Vipshop from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. TheStreet upgraded Vipshop from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Finally, HSBC reduced their target price on Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $20.59.

Vipshop Stock Performance

Shares of Vipshop stock traded up $0.09 on Thursday, reaching $16.55. 3,013,692 shares of the company’s stock were exchanged, compared to its average volume of 3,553,144. Vipshop Holdings Limited has a 52 week low of $13.80 and a 52 week high of $20.19. The firm’s 50-day moving average is $16.86 and its two-hundred day moving average is $16.09. The company has a market capitalization of $9.69 billion, a P/E ratio of 8.21 and a beta of 0.43.

Vipshop (NYSE:VIPS) last issued its earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $5.15. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. The company had revenue of $34.67 billion for the quarter, compared to analysts’ expectations of $33.18 billion. During the same period last year, the business earned $0.47 EPS. Vipshop’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, analysts expect that Vipshop Holdings Limited will post 2.24 EPS for the current fiscal year.

Vipshop Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Monday, April 8th. Investors of record on Friday, March 15th will be issued a $0.43 dividend. This represents a dividend yield of 2.3%. The ex-dividend date is Thursday, March 14th. Vipshop’s dividend payout ratio is currently 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.