Public Employees Retirement Association of Colorado Reduces Position in Vipshop Holdings Limited (NYSE:VIPS)

Public Employees Retirement Association of Colorado reduced its position in shares of Vipshop Holdings Limited (NYSE:VIPS) by 53.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,300 shares of the technology company’s stock after selling 15,200 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Vipshop were worth $173,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in VIPS. Richardson Financial Services Inc. purchased a new stake in shares of Vipshop in the 4th quarter worth about $39,000. Blue Trust Inc. lifted its position in Vipshop by 1,904.0% during the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after acquiring an additional 3,351 shares during the period. National Bank of Canada FI purchased a new stake in Vipshop in the second quarter worth about $136,000. Claro Advisors LLC purchased a new position in shares of Vipshop during the first quarter valued at approximately $189,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Vipshop in the 1st quarter worth approximately $189,000. Institutional investors own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on VIPS. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. CLSA lowered shares of Vipshop from an “outperform” rating to a “hold” rating and decreased their target price for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. Morgan Stanley dropped their price target 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. UBS Group cut Vipshop from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. Finally, Citigroup raised their target price on Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Vipshop presently has a consensus rating of “Hold” and an average price target of $17.42.

Vipshop Price Performance

Shares of VIPS stock opened at $15.77 on Monday. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19. The company’s fifty day moving average price is $13.25 and its 200-day moving average price is $14.81. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 7.33 and a beta of 0.33.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, beating the consensus estimate of $0.48 by $3.43. The business had revenue of $25.08 billion for 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%. The business’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 earnings per share. Equities research analysts expect that Vipshop Holdings Limited will post 2 earnings per share for the current fiscal year.

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.