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 lifted its position in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 123,949 shares of the technology company's stock after buying 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 large investors have also made changes to their positions in the company. Krane Funds Advisors LLC grew its stake in shares of Vipshop by 7.8% in 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 in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Vipshop by 13.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock worth $197,010,000 after purchasing an additional 1,456,862 shares during the period. Invesco Ltd. boosted its position in Vipshop by 5.3% during the first quarter. Invesco Ltd. now owns 8,170,252 shares of the technology company's stock worth $128,110,000 after purchasing an additional 411,102 shares during the period. Dimensional Fund Advisors LP boosted its position in Vipshop by 14.0% during 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, LSV Asset Management boosted its position in Vipshop by 1.8% during the first quarter. LSV Asset Management now owns 4,987,113 shares of the technology company's stock worth $78,198,000 after purchasing an additional 90,400 shares during the period. Institutional investors own 48.82% of the company's stock.

Vipshop Stock Up 0.7%

Shares of VIPS stock traded up $0.12 during trading hours on Tuesday, reaching $17.08. 3,708,745 shares of the company's stock were exchanged, compared to its average volume of 2,583,479. The business has a fifty day moving average price of $15.59 and a 200-day moving average price of $15.04. The stock has a market capitalization of $8.76 billion, a P/E ratio of 9.28, a P/E/G ratio of 1.89 and a beta of 0.54. Vipshop Holdings Limited has a fifty-two week low of $12.14 and a fifty-two week high of $17.94.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays decreased their target price on 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 decreased their target price on Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research report on Friday, July 18th. Citigroup upped their target price on Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th. Wall Street Zen cut Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. Finally, JPMorgan Chase & Co. decreased their target price on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $18.33.

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.