New York State Common Retirement Fund Has $13.63 Million Stake in Vipshop Holdings Limited (NYSE:VIPS)

New York State Common Retirement Fund boosted its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,012,134 shares of the technology company’s stock after acquiring an additional 85,034 shares during the quarter. New York State Common Retirement Fund owned 0.20% of Vipshop worth $13,633,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in VIPS. Lingohr Asset Management GmbH bought a new stake in shares of Vipshop in the 3rd quarter valued at about $921,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Vipshop by 179.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock valued at $62,670,000 after buying an additional 2,558,896 shares during the period. FMR LLC lifted its position in shares of Vipshop by 8.5% in the third quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock valued at $32,579,000 after buying an additional 162,027 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Vipshop by 9.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,059 shares of the technology company’s stock worth $13,340,000 after acquiring an additional 75,590 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Vipshop by 19.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,748,730 shares of the technology company’s stock worth $27,508,000 after acquiring an additional 290,583 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Up 0.9 %

NYSE VIPS opened at $14.66 on Monday. The firm has a 50-day moving average price of $13.98 and a two-hundred day moving average price of $13.99. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $20.19. The company has a market capitalization of $7.53 billion, a P/E ratio of 7.02, a P/E/G ratio of 1.52 and a beta of 0.30.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05). Vipshop had a net margin of 7.50% and a return on equity of 20.89%. The company had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. Equities analysts expect that Vipshop Holdings Limited will post 1.95 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Barclays initiated coverage on shares of Vipshop in a research note on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price for the company. StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Citigroup cut their price objective on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.50.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.