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New York State Common Retirement Fund Has $7.02 Million Holdings in Vipshop Holdings Limited (NYSE:VIPS)

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New York State Common Retirement Fund lessened its stake in Vipshop Holdings Limited (NYSE:VIPS) by 35.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 630,277 shares of the technology company’s stock after selling 351,315 shares during the quarter. New York State Common Retirement Fund’s holdings in Vipshop were worth $7,021,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of VIPS. Victory Capital Management Inc. boosted its stake in shares of Vipshop by 33.8% in the 2nd quarter. Victory Capital Management Inc. now owns 108,833 shares of the technology company’s stock valued at $2,185,000 after purchasing an additional 27,475 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Vipshop by 177.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 202,833 shares of the technology company’s stock valued at $4,073,000 after purchasing an additional 129,617 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Vipshop by 33.0% in the 2nd quarter. American Century Companies Inc. now owns 153,831 shares of the technology company’s stock valued at $3,089,000 after purchasing an additional 38,193 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Vipshop by 774.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 29,589 shares of the technology company’s stock valued at $595,000 after purchasing an additional 26,206 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of Vipshop by 319.0% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 23,572 shares of the technology company’s stock valued at $480,000 after purchasing an additional 17,946 shares during the last quarter. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Several research firms recently weighed in on VIPS. CLSA reduced their price objective on shares of Vipshop from $11.80 to $10.00 in a research note on Tuesday. Benchmark lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Friday, November 19th. Citigroup lowered shares of Vipshop from a “buy” rating to a “neutral” rating and cut their price target for the company from $14.00 to $11.00 in a research note on Monday, November 22nd. JPMorgan Chase & Co. lowered shares of Vipshop from an “overweight” rating to a “neutral” rating and cut their price target for the company from $22.00 to $11.00 in a research note on Thursday, September 23rd. Finally, New Street Research lowered shares of Vipshop from a “buy” rating to a “neutral” rating and cut their price target for the company from $18.00 to $13.00 in a research note on Wednesday, September 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Vipshop has an average rating of “Hold” and an average price target of $22.64.

NYSE VIPS opened at $8.01 on Wednesday. The company has a market capitalization of $5.42 billion, a PE ratio of 6.41 and a beta of 0.66. Vipshop Holdings Limited has a 12-month low of $7.47 and a 12-month high of $46.00. The firm’s 50 day moving average is $9.95 and its 200-day moving average is $13.36.

Vipshop (NYSE:VIPS) last issued its earnings results on Wednesday, November 17th. The technology company reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $1.31. The business had revenue of $23.53 billion for the quarter, compared to the consensus estimate of $24.49 billion. Vipshop had a net margin of 4.80% and a return on equity of 18.86%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. On average, sell-side analysts predict that Vipshop Holdings Limited will post 1.32 earnings per share for the current fiscal year.

Vipshop Profile

VipShop Holdings Ltd. engages in the provision of online products sales and distributions services. It offers womenswear; menswear; footwear; accessories; handbags; apparel for children; sportswear and sporting goods; cosmetic goods; home and lifestyle products; luxury goods; and gifts and miscellaneous.

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