Summit Global Investments Buys 4,819 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Summit Global Investments grew its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 10.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 52,227 shares of the technology company’s stock after purchasing an additional 4,819 shares during the period. Summit Global Investments’ holdings in Vipshop were worth $703,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Atomi Financial Group Inc. increased its holdings in Vipshop by 10.8% during the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,191 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Vipshop by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company’s stock worth $349,000 after purchasing an additional 1,400 shares in the last quarter. Blue Trust Inc. increased its holdings in 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 in the last quarter. Lester Murray Antman dba SimplyRich boosted its stake in shares of Vipshop by 1.0% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 151,159 shares of the technology company’s stock worth $2,036,000 after buying an additional 1,526 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its stake in shares of Vipshop by 0.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock worth $4,691,000 after buying an additional 2,055 shares during the last quarter. 48.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays boosted their target price on Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.75.

Vipshop Stock Performance

Shares of VIPS opened at $16.29 on Monday. The business has a 50-day moving average of $15.19 and a 200 day moving average of $14.46. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The firm has a market cap of $8.36 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 1.52 and a beta of 0.30.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.05). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The firm had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $3.82 billion. As a group, research analysts predict that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.

Vipshop Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued 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 currently 24.24%.

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