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

New York State Common Retirement Fund raised its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 9.2% in the 4th quarter, HoldingsChannel reports. The fund owned 1,012,134 shares of the technology company’s stock after acquiring an additional 85,034 shares during the period. New York State Common Retirement Fund’s holdings in Vipshop were worth $13,633,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds 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 third quarter worth $921,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Vipshop by 179.5% during the 3rd 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 worth $62,670,000 after buying an additional 2,558,896 shares during the period. FMR LLC grew its position in shares of Vipshop by 8.5% in the 3rd 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. increased its stake in shares of Vipshop by 9.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 848,059 shares of the technology company’s stock valued at $13,340,000 after buying an additional 75,590 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Vipshop by 19.9% during the third 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. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Stock Up 0.9 %

Shares of NYSE VIPS opened at $14.66 on Monday. The firm has a market cap of $7.53 billion, a PE ratio of 7.02, a P/E/G ratio of 1.52 and a beta of 0.30. The company’s fifty day simple moving average is $13.98 and its 200 day simple moving average is $13.99. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month high of $20.19.

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

Analysts Set New Price Targets

Several analysts recently commented on the company. Benchmark reiterated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Barclays assumed coverage on shares of Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective on the stock. StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Citigroup cut their price target on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.