Vipshop Holdings Limited (NYSE:VIPS) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund grew its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 37.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,388,505 shares of the technology company's stock after buying an additional 376,371 shares during the period. New York State Common Retirement Fund owned 0.27% of Vipshop worth $21,772,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Kathmere Capital Management LLC boosted its holdings in shares of Vipshop by 32.2% in the 1st quarter. Kathmere Capital Management LLC now owns 14,904 shares of the technology company's stock valued at $234,000 after buying an additional 3,632 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Vipshop during the 1st quarter worth $163,000. Genus Capital Management Inc. boosted its stake in Vipshop by 195.9% during the 1st quarter. Genus Capital Management Inc. now owns 23,218 shares of the technology company's stock worth $364,000 after purchasing an additional 47,436 shares during the period. Cerity Partners LLC boosted its stake in Vipshop by 30.1% during the 1st quarter. Cerity Partners LLC now owns 74,033 shares of the technology company's stock worth $1,161,000 after purchasing an additional 17,127 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its stake in Vipshop by 5.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 405,847 shares of the technology company's stock worth $6,445,000 after purchasing an additional 19,515 shares during the period. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Trading Up 0.9%

Shares of NYSE VIPS traded up $0.14 during midday trading on Thursday, reaching $15.26. 2,340,109 shares of the stock were exchanged, compared to its average volume of 3,682,661. The company has a market capitalization of $7.82 billion, a P/E ratio of 7.99, a P/E/G ratio of 2.63 and a beta of 0.58. Vipshop Holdings Limited has a 52-week low of $11.50 and a 52-week high of $17.94. The stock has a 50 day moving average price of $14.75 and a 200-day moving average price of $14.59.

Analysts Set New Price Targets

A number of analysts recently weighed in on VIPS shares. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. dropped their target price on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a report on Tuesday, April 1st. Finally, Barclays dropped their target price on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $15.58.

Vipshop 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.