Grantham Mayo Van Otterloo & Co. LLC Has $26.40 Million Holdings in Vipshop Holdings Limited $VIPS

Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS) by 173.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,343,921 shares of the technology company’s stock after acquiring an additional 852,300 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Vipshop were worth $26,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VIPS. Global Retirement Partners LLC raised its position in shares of 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 purchasing an additional 2,492 shares during the period. Huntington National Bank lifted its holdings in shares of Vipshop by 53.8% during the 2nd quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,163 shares in the last quarter. Tobam acquired a new position in shares of Vipshop in the 2nd quarter valued at approximately $91,000. PNC Financial Services Group Inc. grew its position 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. increased its stake in Vipshop by 148.7% during the 3rd 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 in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VIPS has been the topic of several research analyst reports. Benchmark restated a “hold” rating on shares of Vipshop in a report on Friday, November 21st. JPMorgan Chase & Co. increased their price objective on shares of Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. 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 report on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a research report on Monday, December 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Vipshop in a research note on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.65.

Vipshop Price Performance

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

Vipshop Increases Dividend

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