Pinpoint Asset Management Singapore Pte. Ltd. Invests $4.97 Million in Vipshop Holdings Limited $VIPS

Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Vipshop Holdings Limited (NYSE:VIPS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 253,118 shares of the technology company’s stock, valued at approximately $4,971,000. Vipshop comprises about 0.9% of Pinpoint Asset Management Singapore Pte. Ltd.’s holdings, making the stock its 18th largest position.

A number of other institutional investors have also bought and sold shares of VIPS. Huntington National Bank boosted its position in Vipshop by 53.8% during the second quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,163 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Vipshop by 575.5% in the 3rd quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock worth $57,000 after acquiring an additional 2,492 shares in the last quarter. Tobam acquired a new position in shares of Vipshop in the 2nd quarter valued at about $91,000. PNC Financial Services Group Inc. lifted its stake in shares of 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 purchasing an additional 2,809 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in shares of Vipshop by 148.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 8,163 shares of the technology company’s stock valued at $160,000 after purchasing an additional 4,881 shares in the last quarter. Institutional investors own 48.82% of the company’s stock.

Vipshop Stock Performance

VIPS stock opened at $15.97 on Monday. The stock’s 50 day simple moving average is $17.48 and its 200 day simple moving average is $18.35. Vipshop Holdings Limited has a fifty-two week low of $12.14 and a fifty-two week high of $21.08. The company has a market cap of $8.19 billion, a P/E ratio of 8.03, a price-to-earnings-growth ratio of 1.34 and a beta of 0.66.

Vipshop Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on VIPS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a research note on Monday, December 29th. Nomura upgraded Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Friday, February 27th. Zacks Research raised 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 report on Sunday, January 4th. Finally, Jefferies Financial Group reissued 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, Vipshop presently has a consensus rating of “Moderate Buy” and an average target price of $20.65.

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.