JPMorgan Chase & Co. Decreases Holdings in Vipshop Holdings Limited $VIPS

JPMorgan Chase & Co. trimmed its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 27.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,899,868 shares of the technology company’s stock after selling 707,245 shares during the quarter. JPMorgan Chase & Co.’s holdings in Vipshop were worth $37,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Mariner LLC increased its position in Vipshop by 3.2% during the third quarter. Mariner LLC now owns 18,308 shares of the technology company’s stock valued at $360,000 after acquiring an additional 561 shares during the last quarter. D Orazio & Associates Inc. boosted its position in Vipshop by 4.3% in the third quarter. D Orazio & Associates Inc. now owns 15,119 shares of the technology company’s stock worth $297,000 after purchasing an additional 618 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Vipshop by 3.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 23,072 shares of the technology company’s stock valued at $347,000 after purchasing an additional 664 shares during the period. Lester Murray Antman dba SimplyRich increased its position in shares of Vipshop by 0.5% during the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 146,753 shares of the technology company’s stock valued at $2,882,000 after purchasing an additional 685 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Vipshop by 0.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 121,975 shares of the technology company’s stock valued at $2,396,000 after purchasing an additional 693 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

Analyst Ratings Changes

VIPS has been the topic of a number of research reports. Nomura raised shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a report on Monday, December 29th. Zacks Research upgraded shares of Vipshop from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Vipshop in a research note on Thursday, February 26th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $20.65.

Vipshop Trading Down 1.5%

Shares of NYSE:VIPS opened at $15.39 on Friday. The stock has a 50 day moving average of $17.05 and a 200 day moving average of $18.27. The company has a market cap of $7.89 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 1.26 and a beta of 0.67. Vipshop Holdings Limited has a 12-month low of $12.14 and a 12-month high of $21.08.

Vipshop Increases Dividend

The company 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 dividend of $0.62 per share. This is an increase from Vipshop’s previous annual dividend of $0.43. This represents a yield of 342.0%. The ex-dividend date of this dividend is Friday, April 10th. Vipshop’s payout ratio is presently 24.12%.

About Vipshop

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.