Institutional Investors Raise Vipshop

Institutional investors such as California Public Employees Retirement System, LSV Asset Management, Massachusetts Financial Services Co. MA, New York State Common Retirement Fund, and Public Employees Retirement Association of Colorado have recently raised their stakes in Vipshop. Vipshop Holdings Ltd. is a holding company that offers online product sales and distribution services through its subsidiaries. It provides a wide range of products, including womenswear, menswear, footwear, accessories, handbags, children’s apparel, sportswear and sporting goods, cosmetic goods, home and lifestyle products, luxury goods, and gifts and miscellaneous. Vipshop has also received a buy rating from StockNews.com and other analysts, including JPMorgan Chase & Co., Benchmark, UBS Group, The Goldman Sachs Group, and Nomura. Institutional investors own 49.81% of Vipshop’s stock.

Vipshop Receives Buy Rating from StockNews.com Analysts

Vipshop Holdings Limited logo

Vipshop (NYSE:VIPS) received a buy rating from analysts at StockNews.com in a research note released on Thursday morning. The technology company’s stock was also rated neutral by JPMorgan Chase & Co., with an increased price target of $17.00, and was rated buy by Benchmark with a $15.00 price target. UBS Group raised Vipshop’s rating from neutral to buy and set a price objective of $17.50, while The Goldman Sachs Group gave the company a neutral rating with a price objective of $11.40. Nomura also rated Vipshop as a buy.

Vipshop has an average rating of Moderate Buy from four hold ratings and six buy ratings, with a consensus price target of $13.18, according to data from MarketBeat. The stock opened at $14.98 on Thursday and has a market cap of $10.17 billion, with a PE ratio of 10.33 and a beta of 0.45. The company’s 52-week low is $6.36 and the 52-week high is $16.18, while the 50-day moving average price is $14.80 and the 200-day moving average price is $11.82.

Vipshop’s quarterly earnings data for the period ending February 23rd reported $0.47 EPS, surpassing the consensus estimate of $0.40 by $0.07. The company had revenue of $4.60 billion during the quarter, exceeding the consensus estimate of $4.52 billion. Vipshop’s return on equity was 16.75%, and its net margin was 6.05%. Research analysts anticipate that the company will post 1.39 EPS for the current year.

Analyst Recommendations for Vipshop (NYSE:VIPS)

Institutional Trading of Vipshop

As of the last filing with the Securities and Exchange Commission, institutional investors own 45.03% of Vipshop’s outstanding shares. BlackRock, Inc. is the largest shareholder, owning 6.98% of the company’s shares, while The Vanguard Group, Inc. owns 4.50%. Fidelity Management & Research Company LLC and Baillie Gifford and Company are also top institutional shareholders, owning 2.69% and 2.40% of the company’s shares, respectively.

Institutional Investors Raise Holdings in Vipshop

California Public Employees Retirement System, LSV Asset Management, Massachusetts Financial Services Co. MA, New York State Common Retirement Fund, and Public Employees Retirement Association of Colorado are among the hedge funds that recently raised their stakes in Vipshop Holdings Ltd. During the 3rd quarter, California Public Employees Retirement System increased its holdings in Vipshop by 16.9%, owning 906,579 shares of the technology company’s stock worth $7,624,000 after acquiring an additional 131,156 shares in the last quarter. LSV Asset Management raised its stake in Vipshop by 36.9%, now owning 2,095,800 shares of the technology company’s stock valued at $17,626,000. Massachusetts Financial Services Co. MA raised its stake in Vipshop by 3.5%, now owning 5,434,107 shares of the technology company’s stock valued at $45,701,000. New York State Common Retirement Fund raised its stake in Vipshop by 3,100.6%, owning 81,135 shares of the technology company’s stock valued at $682,000. Finally, Public Employees Retirement Association of Colorado purchased a new stake in Vipshop valued at $42,000 during the 3rd quarter.

Institutional investors own 49.81% of Vipshop’s stock. BlackRock, Inc. is the largest shareholder, owning 6.98% of the company’s shares, while The Vanguard Group, Inc. owns 4.50%. Fidelity Management & Research Company LLC and Baillie Gifford and Company are also top institutional shareholders, owning 2.69% and 2.40% of the company’s shares, respectively.

About Vipshop

Vipshop Holdings Ltd. is a holding company that offers online product sales and distribution services through its subsidiaries. It provides a wide range of products, including womenswear, menswear, footwear, accessories, handbags, children’s apparel, sportswear and sporting goods, cosmetic goods, home and lifestyle products, luxury goods, and gifts and miscellaneous.