Citigroup Inc. Grows Stock Holdings in Vipshop Holdings Limited $VIPS

Citigroup Inc. raised its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 2.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,076,651 shares of the technology company’s stock after acquiring an additional 27,674 shares during the period. Citigroup Inc.’s holdings in Vipshop were worth $21,145,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Hantz Financial Services Inc. increased its stake in Vipshop by 1,187.1% in the second quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock valued at $49,000 after purchasing an additional 3,027 shares during the last quarter. Huntington National Bank boosted its stake in Vipshop by 53.8% in the 2nd quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock worth $50,000 after buying an additional 1,163 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Vipshop by 575.5% in the 3rd quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock valued at $57,000 after buying an additional 2,492 shares during the period. Tobam acquired a new position in shares of Vipshop during the 2nd quarter valued at about $91,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Vipshop by 65.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,091 shares of the technology company’s stock valued at $107,000 after acquiring an additional 2,809 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Wall Street Analysts Forecast Growth

VIPS has been the subject of a number of recent analyst reports. Benchmark restated a “hold” rating on shares of Vipshop in a report on Friday, November 21st. Zacks Research raised shares of Vipshop from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a report on Monday, December 29th. Barclays lifted their target price on Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Finally, Jefferies Financial Group restated a “buy” rating on shares of Vipshop in a research note on Thursday. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Vipshop presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.38.

Vipshop Trading Up 2.0%

NYSE:VIPS opened at $18.11 on Friday. The firm’s fifty day simple moving average is $17.87 and its 200 day simple moving average is $18.33. Vipshop Holdings Limited has a twelve month low of $12.14 and a twelve month high of $21.08. The firm has a market capitalization of $9.29 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 1.49 and a beta of 0.72.

Vipshop Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a $0.62 dividend. This represents a dividend yield of 342.0%. This is an increase from Vipshop’s previous annual dividend of $0.43. The ex-dividend date is Friday, April 10th. Vipshop’s payout ratio is 25.26%.

Vipshop Company Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.