Marathon Asset Management Ltd Sells 172,197 Shares of Vipshop Holdings Limited $VIPS

Marathon Asset Management Ltd trimmed its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,942,551 shares of the technology company’s stock after selling 172,197 shares during the quarter. Vipshop accounts for approximately 2.0% of Marathon Asset Management Ltd’s investment portfolio, making the stock its 17th largest holding. Marathon Asset Management Ltd owned approximately 0.57% of Vipshop worth $52,054,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VIPS. Richardson Financial Services Inc. lifted its position in shares of Vipshop by 153.8% during the fourth quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,250 shares during the last quarter. Cooper Investors PTY Ltd. bought a new stake in shares of Vipshop during the fourth quarter worth $58,000. Huntington National Bank lifted its position in shares of 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 purchasing an additional 1,207 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Vipshop by 229.1% during the fourth quarter. Farther Finance Advisors LLC now owns 8,648 shares of the technology company’s stock worth $153,000 after purchasing an additional 6,020 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Vipshop by 148.7% during the third quarter. Hantz Financial Services Inc. now owns 8,163 shares of the technology company’s stock worth $160,000 after purchasing an additional 4,881 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VIPS has been the subject of several research analyst reports. Zacks Research upgraded Vipshop from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Nomura upgraded Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday, February 27th. Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a report on Friday, March 27th. Jefferies Financial Group restated a “buy” rating on shares of Vipshop in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. decreased their price objective on Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.48.

Vipshop Price Performance

VIPS stock opened at $14.13 on Wednesday. The business has a 50-day moving average price of $15.11 and a 200 day moving average price of $17.20. The company has a market capitalization of $6.77 billion, a P/E ratio of 7.10, a PEG ratio of 1.15 and a beta of 0.67. Vipshop Holdings Limited has a 1-year low of $13.35 and a 1-year high of $21.08.

Vipshop Increases Dividend

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

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.