New York State Common Retirement Fund increased its stake in shares of Vipshop Holdings Ltd – (NYSE:VIPS) by 60.5% in the first quarter, Holdings Channel reports. The institutional investor owned 158,100 shares of the technology company’s stock after acquiring an additional 59,600 shares during the period. New York State Common Retirement Fund’s holdings in Vipshop were worth $1,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in Vipshop by 101.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,508 shares of the technology company’s stock worth $25,000 after buying an additional 2,267 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Vipshop by 27.6% in the fourth quarter. CIBC Asset Management Inc now owns 13,196 shares of the technology company’s stock worth $72,000 after purchasing an additional 2,855 shares in the last quarter. KBC Group NV grew its stake in shares of Vipshop by 8.9% in the fourth quarter. KBC Group NV now owns 40,845 shares of the technology company’s stock worth $223,000 after purchasing an additional 3,333 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Vipshop by 0.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,338,072 shares of the technology company’s stock worth $10,745,000 after purchasing an additional 4,438 shares in the last quarter. Finally, Comerica Bank grew its stake in shares of Vipshop by 13.9% in the first quarter. Comerica Bank now owns 38,272 shares of the technology company’s stock worth $308,000 after purchasing an additional 4,675 shares in the last quarter. Hedge funds and other institutional investors own 46.10% of the company’s stock.

NYSE:VIPS opened at $7.69 on Friday. Vipshop Holdings Ltd – has a 1 year low of $4.30 and a 1 year high of $11.74. The firm has a market capitalization of $5.14 billion, a PE ratio of 17.88 and a beta of 1.89.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Wednesday, May 22nd. The technology company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The business had revenue of $21.30 billion during the quarter, compared to analyst estimates of $20.55 billion. Vipshop had a return on equity of 12.56% and a net margin of 2.89%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. On average, research analysts expect that Vipshop Holdings Ltd – will post 0.56 EPS for the current year.

Several research firms have recently issued reports on VIPS. KeyCorp increased their price target on Vipshop from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. raised Vipshop from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $6.50 to $11.00 in a research note on Tuesday, April 30th. Zacks Investment Research raised Vipshop from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a research note on Saturday, April 27th. Daiwa Capital Markets raised Vipshop from an “underperform” rating to a “neutral” rating in a research note on Friday, May 24th. Finally, UBS Group cut Vipshop from a “neutral” rating to a “sell” rating in a research note on Monday, April 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $8.71.

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Vipshop Profile

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

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Institutional Ownership by Quarter for Vipshop (NYSE:VIPS)

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