Vipshop Holdings Ltd – (NYSE:VIPS) Holdings Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in Vipshop Holdings Ltd – (NYSE:VIPS) by 72.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,025,571 shares of the technology company’s stock after acquiring an additional 852,920 shares during the period. Teacher Retirement System of Texas owned about 0.31% of Vipshop worth $17,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Comerica Bank increased its stake in shares of Vipshop by 13.9% during the first quarter. Comerica Bank now owns 38,272 shares of the technology company’s stock valued at $308,000 after acquiring an additional 4,675 shares during the period. KEYWISE CAPITAL MANAGEMENT Ltd grew its position in Vipshop by 23.1% in the first quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 7,315,800 shares of the technology company’s stock worth $58,746,000 after buying an additional 1,371,500 shares during the last quarter. Royal London Asset Management Ltd. grew its position in Vipshop by 5.0% in the first quarter. Royal London Asset Management Ltd. now owns 243,700 shares of the technology company’s stock worth $1,956,000 after buying an additional 11,700 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Vipshop in the second quarter worth approximately $88,000. Finally, Acadian Asset Management LLC acquired a new position in Vipshop in the first quarter worth approximately $14,373,000. 44.60% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on VIPS shares. Zacks Investment Research upgraded shares of Vipshop from a “hold” rating to a “strong-buy” rating and set a $9.50 price target on the stock in a research report on Wednesday. ValuEngine upgraded shares of Vipshop from a “strong sell” rating to a “sell” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. upgraded shares of Vipshop from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $6.50 to $11.00 in a research report on Tuesday, April 30th. Credit Suisse Group upgraded shares of Vipshop from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 15th. Finally, Daiwa Capital Markets upgraded shares of Vipshop from a “neutral” rating to a “buy” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $8.60.

Vipshop stock traded down $0.09 during midday trading on Friday, reaching $7.93. The stock had a trading volume of 68,919 shares, compared to its average volume of 7,713,616. The firm’s fifty day simple moving average is $7.60 and its two-hundred day simple moving average is $7.76. Vipshop Holdings Ltd – has a twelve month low of $4.30 and a twelve month high of $9.26. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 18.17 and a beta of 1.93.

Vipshop (NYSE:VIPS) last posted its quarterly earnings data on Wednesday, August 14th. The technology company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $1.46. The firm had revenue of $21.72 billion during the quarter, compared to analyst estimates of $21.60 billion. Vipshop had a net margin of 2.97% and a return on equity of 14.63%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. As a group, research analysts predict that Vipshop Holdings Ltd – will post 0.66 EPS for the current fiscal year.

Vipshop Company Profile

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

Further Reading: Special Dividends

Institutional Ownership by Quarter for Vipshop (NYSE:VIPS)

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