New York State Common Retirement Fund Has $21.77 Million Stake in Vipshop Holdings Limited (NYSE:VIPS)

New York State Common Retirement Fund increased its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 37.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,388,505 shares of the technology company's stock after purchasing an additional 376,371 shares during the period. New York State Common Retirement Fund owned approximately 0.27% of Vipshop worth $21,772,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in VIPS. Krane Funds Advisors LLC boosted its position in Vipshop by 7.8% during the 1st quarter. Krane Funds Advisors LLC now owns 15,839,097 shares of the technology company's stock valued at $248,357,000 after buying an additional 1,148,307 shares during the period. Vanguard Group Inc. lifted its position in shares of Vipshop by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock worth $188,060,000 after purchasing an additional 79,254 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Vipshop by 13.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock worth $197,010,000 after acquiring an additional 1,456,862 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Vipshop by 14.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,063,150 shares of the technology company's stock worth $108,608,000 after purchasing an additional 993,042 shares during the period. Finally, Invesco Ltd. raised its holdings in Vipshop by 28.4% in the fourth quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company's stock worth $104,516,000 after buying an additional 1,718,159 shares during the last quarter. Hedge funds and other institutional investors own 48.82% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VIPS. Barclays cut their target price on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Bank of America cut their price objective on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research report on Friday. Citigroup cut shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a report on Tuesday, April 1st. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $15.83.

Vipshop Stock Up 3.1%

Shares of NYSE VIPS traded up $0.48 during midday trading on Friday, hitting $15.79. The stock had a trading volume of 2,117,431 shares, compared to its average volume of 3,622,541. The company has a fifty day moving average price of $14.82 and a 200 day moving average price of $14.62. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 2.58 and a beta of 0.58. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $17.94.

About Vipshop

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.