Public Employees Retirement System of Ohio Purchases Shares of 949,622 Vipshop Holdings Limited (NYSE:VIPS)

Public Employees Retirement System of Ohio purchased a new position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 949,622 shares of the technology company's stock, valued at approximately $14,938,000. Public Employees Retirement System of Ohio owned about 0.18% of Vipshop at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of VIPS. Krane Funds Advisors LLC raised its position in Vipshop by 20.3% during the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company's stock worth $204,901,000 after buying an additional 2,659,117 shares during the last quarter. Hhlr Advisors LTD. raised its holdings in Vipshop by 6.2% during the third quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company's stock worth $247,281,000 after purchasing an additional 914,322 shares in the last quarter. First Beijing Investment Ltd purchased a new position in Vipshop during the third quarter worth about $120,182,000. Dimensional Fund Advisors LP lifted its position in Vipshop by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 6,739,378 shares of the technology company's stock valued at $87,771,000 after purchasing an additional 343,739 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Vipshop by 2.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,559,051 shares of the technology company's stock valued at $85,399,000 after purchasing an additional 184,000 shares in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Price Performance

VIPS traded down $0.59 during midday trading on Wednesday, reaching $13.78. 2,320,311 shares of the company's stock were exchanged, compared to its average volume of 3,869,234. Vipshop Holdings Limited has a 1-year low of $11.50 and a 1-year high of $20.19. The stock has a market capitalization of $7.07 billion, a PE ratio of 6.59, a P/E/G ratio of 1.50 and a beta of 0.31. The business's 50-day moving average price is $14.47 and its 200 day moving average price is $14.14.

Wall Street Analyst Weigh In

VIPS has been the subject of several recent analyst reports. Barclays initiated coverage on Vipshop in a report on Wednesday, November 6th. They issued an "overweight" rating and a $19.00 price target for the company. Morgan Stanley decreased their target price on shares of Vipshop from $16.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 20th. StockNews.com downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. CLSA downgraded shares of Vipshop from an "outperform" rating to a "hold" rating and decreased their price objective for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Finally, UBS Group cut shares of Vipshop from a "buy" rating to a "neutral" rating and dropped their target price for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $17.50.

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.