New York State Common Retirement Fund Grows Holdings in Vipshop Holdings Limited (NYSE:VIPS)

New York State Common Retirement Fund grew its holdings in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,218,490 shares of the technology company's stock after buying an additional 60,411 shares during the period. New York State Common Retirement Fund owned 0.21% of Vipshop worth $21,640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Lindbrook Capital LLC raised its position in shares of Vipshop by 56.4% in the fourth quarter. Lindbrook Capital LLC now owns 1,963 shares of the technology company's stock valued at $35,000 after buying an additional 708 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Vipshop by 8.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,460 shares of the technology company's stock worth $183,000 after purchasing an additional 905 shares during the last quarter. Banque Cantonale Vaudoise increased its position in Vipshop by 0.3% during the third quarter. Banque Cantonale Vaudoise now owns 345,988 shares of the technology company's stock worth $5,539,000 after purchasing an additional 988 shares during the last quarter. DGS Capital Management LLC increased its position in Vipshop by 3.5% during the fourth quarter. DGS Capital Management LLC now owns 38,052 shares of the technology company's stock worth $676,000 after purchasing an additional 1,296 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in Vipshop by 65.6% during the fourth quarter. Global Retirement Partners LLC now owns 3,692 shares of the technology company's stock worth $66,000 after purchasing an additional 1,462 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VIPS has been the subject of several recent analyst reports. Benchmark restated a "buy" rating and set a $29.00 price objective on shares of Vipshop in a research report on Thursday, February 29th. HSBC lowered their target price on shares of Vipshop from $22.90 to $19.00 and set a "hold" rating for the company in a research note on Thursday, March 28th. StockNews.com raised shares of Vipshop from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 19th. Finally, Citigroup raised their price objective on shares of Vipshop from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, January 23rd. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Vipshop currently has an average rating of "Buy" and a consensus price target of $21.13.

Vipshop Stock Down 0.1 %

Vipshop stock traded down $0.01 during trading on Friday, reaching $15.73. The stock had a trading volume of 3,467,353 shares, compared to its average volume of 3,308,816. Vipshop Holdings Limited has a 52-week low of $13.80 and a 52-week high of $20.19. The business has a 50 day moving average price of $16.94 and a 200 day moving average price of $16.27. The stock has a market cap of $9.22 billion, a PE ratio of 7.75 and a beta of 0.41.

Vipshop (NYSE:VIPS - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The technology company reported $5.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $5.15. Vipshop had a net margin of 7.20% and a return on equity of 23.19%. The company had revenue of $34.67 billion for the quarter, compared to analysts' expectations of $33.18 billion. During the same quarter last year, the company earned $0.47 earnings per share. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities analysts predict that Vipshop Holdings Limited will post 2.24 EPS for the current fiscal year.

Vipshop Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, April 8th. Stockholders of record on Friday, March 15th were issued a $0.43 dividend. The ex-dividend date was Thursday, March 14th. This represents a dividend yield of 2.3%. Vipshop's payout ratio is 20.20%.

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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.