Vipshop Holdings Limited (NYSE:VIPS) is Origin Asset Management LLP’s 3rd Largest Position

Origin Asset Management LLP lowered its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,128,310 shares of the technology company’s stock after selling 419,220 shares during the period. Vipshop makes up about 14.9% of Origin Asset Management LLP’s investment portfolio, making the stock its 3rd largest position. Origin Asset Management LLP’s holdings in Vipshop were worth $55,559,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in VIPS. Los Angeles Capital Management LLC grew its stake in Vipshop by 6.2% during the 4th quarter. Los Angeles Capital Management LLC now owns 883,240 shares of the technology company’s stock valued at $15,686,000 after purchasing an additional 51,909 shares in the last quarter. Natixis Advisors L.P. boosted its stake in shares of Vipshop by 1.2% during the 4th quarter. Natixis Advisors L.P. now owns 63,756 shares of the technology company’s stock valued at $1,132,000 after buying an additional 757 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Vipshop by 10.9% during the fourth quarter. Van ECK Associates Corp now owns 30,275 shares of the technology company’s stock worth $538,000 after buying an additional 2,973 shares in the last quarter. Yunqi Capital Ltd increased its stake in shares of Vipshop by 10.9% in the fourth quarter. Yunqi Capital Ltd now owns 1,349,000 shares of the technology company’s stock worth $23,958,000 after buying an additional 132,700 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Vipshop by 5.2% in the fourth quarter. New York State Common Retirement Fund now owns 1,218,490 shares of the technology company’s stock valued at $21,640,000 after acquiring an additional 60,411 shares in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Price Performance

VIPS stock traded up $1.08 on Thursday, reaching $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 52 week low of $13.80 and a 52 week high of $20.19. The company has a market capitalization of $9.41 billion, a P/E ratio of 7.86 and a beta of 0.44. The firm has a fifty day moving average of $16.86 and a two-hundred day moving average of $16.26.

Vipshop (NYSE:VIPS) last released 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 return on equity of 23.19% and a net margin of 7.20%. The company had revenue of $34.67 billion during the quarter, compared to analysts’ expectations of $33.18 billion. During the same quarter in the prior year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities analysts expect that Vipshop Holdings Limited will post 2.24 EPS for the current fiscal year.

Vipshop Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, April 8th. Stockholders of record on Friday, March 15th were paid a $0.43 dividend. This represents a dividend yield of 2.3%. The ex-dividend date was Thursday, March 14th. Vipshop’s dividend payout ratio is currently 20.20%.

Analyst Upgrades and Downgrades

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

Vipshop 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.