Swiss Life Asset Management Ltd Boosts Stake in Vipshop Holdings Limited $VIPS

Swiss Life Asset Management Ltd boosted its stake in Vipshop Holdings Limited (NYSE:VIPS) by 167.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 117,715 shares of the technology company’s stock after buying an additional 73,710 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Vipshop were worth $2,082,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Krane Funds Advisors LLC raised its stake in Vipshop by 24.9% in the 3rd quarter. Krane Funds Advisors LLC now owns 17,185,535 shares of the technology company’s stock valued at $320,424,000 after purchasing an additional 3,426,079 shares during the last quarter. Invesco Ltd. raised its stake in Vipshop by 87.2% in the 3rd quarter. Invesco Ltd. now owns 16,715,656 shares of the technology company’s stock valued at $328,295,000 after purchasing an additional 7,785,027 shares during the last quarter. Vanguard Group Inc. raised its stake in Vipshop by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock valued at $179,518,000 after purchasing an additional 149,758 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Vipshop by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,467,566 shares of the technology company’s stock valued at $166,182,000 after purchasing an additional 163,770 shares during the last quarter. Finally, State Street Corp raised its stake in Vipshop by 2.1% in the 2nd quarter. State Street Corp now owns 7,147,094 shares of the technology company’s stock valued at $107,564,000 after purchasing an additional 143,614 shares during the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on VIPS shares. Jefferies Financial Group reissued a “buy” rating on shares of Vipshop in a research note on Thursday, February 26th. Zacks Research upgraded 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 research note on Friday, March 27th. JPMorgan Chase & Co. dropped their price objective on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Finally, Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Friday, February 27th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $20.48.

Vipshop Trading Down 1.3%

Vipshop stock opened at $13.97 on Friday. The stock has a market cap of $6.69 billion, a P/E ratio of 7.02, a price-to-earnings-growth ratio of 1.17 and a beta of 0.67. The stock has a 50 day moving average of $15.19 and a 200-day moving average of $17.27. Vipshop Holdings Limited has a 52 week low of $13.35 and a 52 week high of $21.08.

Vipshop Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were paid a $0.62 dividend. This is a boost from Vipshop’s previous annual dividend of $0.43. The ex-dividend date was Friday, April 10th. This represents a dividend yield of 411.0%. Vipshop’s dividend payout ratio (DPR) is currently 30.15%.

Vipshop 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.