Public Sector Pension Investment Board Acquires 15,200 Shares of Vipshop Holdings Limited $VIPS

Key Points

• Public Sector Pension Investment Board increased its stake in Vipshop Holdings Limited by 14%, owning now 123,949 shares valued at approximately $1.94 million after acquiring an additional 15,200 shares.
• Analysts have made several downgrades on Vipshop's stock, with Barclays lowering the price objective from $20 to $19, while JPMorgan Chase reduced theirs from $20 to $18.
• Vipshop's shares opened at $16.67, with a one-year price range between $11.67 and $17.94, reflecting a stable market performance.

Public Sector Pension Investment Board increased its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 14.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 123,949 shares of the technology company's stock after purchasing an additional 15,200 shares during the quarter. Public Sector Pension Investment Board's holdings in Vipshop were worth $1,944,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in VIPS. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Vipshop by 3,533.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company's stock worth $310,000 after acquiring an additional 1,965,244 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Vipshop during the 1st quarter worth approximately $27,051,000. Packer & Co Ltd bought a new position in shares of Vipshop during the 1st quarter worth approximately $24,292,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Vipshop by 13.1% during 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. Finally, Northern Trust Corp grew its stake in shares of Vipshop by 91.2% during the 4th quarter. Northern Trust Corp now owns 2,591,643 shares of the technology company's stock worth $34,909,000 after acquiring an additional 1,236,106 shares in the last quarter. 48.82% of the stock is owned by institutional investors.

Vipshop Price Performance

Shares of Vipshop stock opened at $16.6710 on Thursday. The business has a fifty day simple moving average of $15.42 and a two-hundred day simple moving average of $14.97. Vipshop Holdings Limited has a 1 year low of $11.67 and a 1 year high of $17.94. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 1.85 and a beta of 0.54.

Analysts Set New Price Targets

VIPS has been the subject of several research reports. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Barclays cut their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. JPMorgan Chase & Co. cut their price objective on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Bank of America cut their price objective on Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a report on Friday, July 18th. Finally, Citigroup increased their price objective on Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a report on Friday, August 15th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $18.33.

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.

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