Step Capital Management Pte. Ltd. Buys Shares of 132,141 Vipshop Holdings Limited $VIPS

Step Capital Management Pte. Ltd. bought a new stake in Vipshop Holdings Limited (NYSE:VIPS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 132,141 shares of the technology company’s stock, valued at approximately $2,338,000. Vipshop makes up approximately 1.1% of Step Capital Management Pte. Ltd.’s investment portfolio, making the stock its 10th largest position.

A number of other institutional investors and hedge funds have also modified their holdings of VIPS. Packer & Co Ltd acquired a new position in Vipshop during the fourth quarter valued at $27,406,000. Three Seasons Wealth LLC acquired a new stake in Vipshop during the 4th quarter worth about $198,000. J. Safra Sarasin Holding AG grew its stake in Vipshop by 27.8% during the 4th quarter. J. Safra Sarasin Holding AG now owns 20,666 shares of the technology company’s stock valued at $366,000 after acquiring an additional 4,500 shares in the last quarter. Cooper Investors PTY Ltd. purchased a new position in Vipshop during the 4th quarter valued at about $58,000. Finally, Kathmere Capital Management LLC increased its holdings in shares of Vipshop by 20.3% in the 4th quarter. Kathmere Capital Management LLC now owns 12,761 shares of the technology company’s stock valued at $226,000 after purchasing an additional 2,154 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

VIPS opened at $14.96 on Monday. The company has a market capitalization of $7.67 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 1.24 and a beta of 0.76. Vipshop Holdings Limited has a fifty-two week low of $12.14 and a fifty-two week high of $21.08. The business has a 50-day moving average of $16.65 and a 200-day moving average of $18.12.

Vipshop Increases Dividend

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

Analyst Ratings Changes

VIPS has been the subject of a number of research analyst reports. Nomura raised shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Friday, February 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vipshop in a research note on Friday, March 27th. 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 lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.48.

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.