Vipshop Holdings Limited $VIPS Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC grew its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 135.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,944 shares of the technology company’s stock after purchasing an additional 33,947 shares during the quarter. Park Avenue Securities LLC’s holdings in Vipshop were worth $1,043,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC lifted its position in Vipshop by 575.5% during the third quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock worth $57,000 after buying an additional 2,492 shares in the last quarter. Huntington National Bank boosted its stake in Vipshop by 36.3% during the third quarter. Huntington National Bank now owns 4,530 shares of the technology company’s stock worth $89,000 after buying an additional 1,207 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Vipshop by 65.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,091 shares of the technology company’s stock valued at $107,000 after buying an additional 2,809 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Vipshop by 148.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 8,163 shares of the technology company’s stock worth $160,000 after acquiring an additional 4,881 shares during the last quarter. Finally, Banco BTG Pactual S.A. acquired a new stake in shares of Vipshop in the 2nd quarter worth $181,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Vipshop in a research report on Thursday, February 26th. 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 downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Friday, February 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a research note on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.65.

Vipshop Stock Up 4.3%

Shares of Vipshop stock opened at $16.17 on Thursday. The firm has a market cap of $8.29 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. Vipshop Holdings Limited has a 52 week low of $12.14 and a 52 week high of $21.08. The business’s fifty day simple moving average is $16.89 and its 200-day simple moving average is $18.24.

Vipshop Increases Dividend

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