Vipshop Holdings Limited $VIPS Shares Purchased by APG Asset Management N.V.

APG Asset Management N.V. boosted its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 141.4% in the third quarter, HoldingsChannel.com reports. The firm owned 177,187 shares of the technology company’s stock after acquiring an additional 103,800 shares during the period. APG Asset Management N.V.’s holdings in Vipshop were worth $3,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Hantz Financial Services Inc. lifted its holdings 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 worth $49,000 after acquiring an additional 3,027 shares during the last quarter. Huntington National Bank lifted its holdings in shares of 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 purchasing an additional 1,163 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Vipshop by 575.5% in the 3rd quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock worth $57,000 after purchasing an additional 2,492 shares during the last quarter. Tobam bought a new position in Vipshop during the 2nd quarter worth $91,000. Finally, PNC Financial Services Group Inc. grew its stake in Vipshop by 65.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,091 shares of the technology company’s stock worth $107,000 after buying an additional 2,809 shares during the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Performance

Shares of NYSE VIPS opened at $15.70 on Wednesday. The business has a 50 day simple moving average of $17.70 and a 200 day simple moving average of $18.37. Vipshop Holdings Limited has a 52 week low of $12.14 and a 52 week high of $21.08. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 1.41 and a beta of 0.67.

Vipshop Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be issued a $0.62 dividend. This is a boost from Vipshop’s previous annual dividend of $0.43. The ex-dividend date of this dividend is Friday, April 10th. This represents a yield of 342.0%. Vipshop’s payout ratio is presently 24.12%.

Analyst Upgrades and Downgrades

VIPS has been the subject of several analyst reports. Benchmark reissued a “hold” rating on shares of Vipshop in a report on Friday, November 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Vipshop in a research report on Monday, December 29th. Citigroup restated a “neutral” rating on shares of Vipshop in a research report on Thursday, November 20th. Barclays raised their price target on shares of Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Finally, Zacks Research upgraded Vipshop from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.65.

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.