Canada Pension Plan Investment Board Raises Position in Vipshop Holdings Limited (NYSE:VIPS)

Canada Pension Plan Investment Board raised its stake in shares of Vipshop Holdings Limited (NYSE:VIPS) by 101.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,932,510 shares of the technology company’s stock after purchasing an additional 972,490 shares during the period. Canada Pension Plan Investment Board owned 0.33% of Vipshop worth $31,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Redwood Wealth Management Group LLC raised its holdings in shares of Vipshop by 6.3% in the second quarter. Redwood Wealth Management Group LLC now owns 11,297 shares of the technology company’s stock worth $186,000 after buying an additional 670 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Vipshop by 18.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the technology company’s stock worth $65,000 after buying an additional 730 shares during the period. Lester Murray Antman dba SimplyRich raised its holdings in shares of Vipshop by 0.5% in the second quarter. Lester Murray Antman dba SimplyRich now owns 144,747 shares of the technology company’s stock worth $2,388,000 after buying an additional 746 shares during the period. Intech Investment Management LLC raised its holdings in shares of Vipshop by 6.3% in the first quarter. Intech Investment Management LLC now owns 13,088 shares of the technology company’s stock worth $199,000 after buying an additional 778 shares during the period. Finally, Shilanski & Associates Inc. raised its holdings in shares of Vipshop by 10.0% in the second quarter. Shilanski & Associates Inc. now owns 12,182 shares of the technology company’s stock worth $201,000 after buying an additional 1,104 shares during the period. 49.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com assumed coverage on Vipshop in a report on Thursday, October 5th. They set a “buy” rating on the stock. HSBC raised their price objective on Vipshop from $13.80 to $14.20 and gave the stock a “hold” rating in a report on Monday, August 21st. Finally, Benchmark restated a “buy” rating and set a $19.00 price objective on shares of Vipshop in a report on Monday, August 21st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.86.

Vipshop Price Performance

Vipshop stock opened at $14.80 on Wednesday. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of 7.83 and a beta of 0.52. Vipshop Holdings Limited has a 1-year low of $8.55 and a 1-year high of $19.13. The business has a fifty day moving average price of $15.02 and a 200-day moving average price of $15.89.

Vipshop (NYSE:VIPS) last issued its earnings results on Tuesday, November 14th. The technology company reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $2.93. The company had revenue of $21.08 billion during the quarter, compared to analyst estimates of $34.36 billion. Vipshop had a return on equity of 20.96% and a net margin of 7.23%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. On average, equities research analysts anticipate that Vipshop Holdings Limited will post 1.85 earnings per share for the current fiscal year.

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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.