Employees Retirement System of Texas Increases Stock Position in Vipshop Holdings Limited (NYSE:VIPS)

Employees Retirement System of Texas raised its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 143.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,614 shares of the technology company’s stock after purchasing an additional 2,717 shares during the quarter. Employees Retirement System of Texas’ holdings in Vipshop were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. FIL Ltd boosted its stake in shares of Vipshop by 31.2% during the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after acquiring an additional 2,593,670 shares in the last quarter. KBC Group NV boosted its stake in shares of Vipshop by 55.8% during the 4th quarter. KBC Group NV now owns 625,584 shares of the technology company’s stock worth $11,110,000 after acquiring an additional 224,098 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Vipshop by 28.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock worth $184,600,000 after acquiring an additional 2,273,198 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Vipshop by 238.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 120,582 shares of the technology company’s stock worth $1,996,000 after acquiring an additional 84,976 shares in the last quarter. Finally, Franchise Capital Ltd purchased a new stake in shares of Vipshop during the 4th quarter worth approximately $4,669,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Performance

Shares of VIPS opened at $15.28 on Friday. The stock has a fifty day moving average of $13.21 and a two-hundred day moving average of $14.85. The company has a market capitalization of $8.29 billion, a PE ratio of 7.11 and a beta of 0.33. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $20.19.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share for the quarter, beating the consensus estimate of $0.48 by $3.43. The company had revenue of $25.08 billion during the quarter, compared to the consensus estimate of $26.61 billion. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. Vipshop’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. As a group, equities research analysts forecast that Vipshop Holdings Limited will post 2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. UBS Group lowered Vipshop from a “buy” rating to a “neutral” rating and reduced their target price for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Morgan Stanley reduced their target price on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. Finally, CLSA lowered Vipshop from an “outperform” rating to a “hold” rating and reduced their target price for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.75.

Vipshop Company 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.