Canada Pension Plan Investment Board Has $44 Million Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Canada Pension Plan Investment Board grew its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 30.0% in the second quarter, HoldingsChannel reports. The fund owned 3,379,114 shares of the technology company’s stock after acquiring an additional 780,443 shares during the period. Canada Pension Plan Investment Board’s holdings in Vipshop were worth $43,996,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. FIL Ltd boosted its position in 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 during the last quarter. KBC Group NV boosted its position in 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 during the last quarter. Goldman Sachs Group Inc. boosted its position in 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 during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in 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 during the last quarter. Finally, Franchise Capital Ltd acquired a new position in Vipshop during the 4th quarter worth approximately $4,669,000. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Trading Down 1.6 %

VIPS opened at $13.14 on Friday. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19. The stock’s fifty day simple moving average is $13.17 and its 200 day simple moving average is $14.93. The stock has a market cap of $7.13 billion, a PE ratio of 6.11 and a beta of 0.33.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VIPS shares. Morgan Stanley reduced their price target on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. Finally, CLSA downgraded Vipshop from an “outperform” rating to a “hold” rating and cut their price objective for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.75.

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.