Teachers Retirement System of The State of Kentucky Sells 245,400 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 18.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,118,160 shares of the technology company's stock after selling 245,400 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.21% of Vipshop worth $17,589,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in Vipshop by 1,904.0% in the second 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 last quarter. Venturi Wealth Management LLC bought a new stake in shares of Vipshop during the third quarter worth approximately $56,000. Employees Retirement System of Texas lifted its holdings in Vipshop by 143.2% in the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company's stock valued at $60,000 after buying an additional 2,717 shares during the period. National Bank of Canada FI bought a new position in Vipshop in the second quarter valued at approximately $136,000. Finally, Atomi Financial Group Inc. boosted its stake in Vipshop by 6.8% in the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock valued at $174,000 after acquiring an additional 702 shares during the last quarter. Institutional investors own 48.82% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VIPS. Citigroup cut their price target on Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, November 20th. Morgan Stanley cut their price target 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. Barclays assumed coverage on Vipshop in a research note on Wednesday, November 6th. They set an "overweight" rating and a $19.00 price objective on the stock. StockNews.com cut Vipshop from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, Benchmark reaffirmed a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Vipshop presently has an average rating of "Hold" and a consensus price target of $17.50.

Vipshop Stock Down 0.4 %

Shares of NYSE:VIPS traded down $0.05 during mid-day trading on Thursday, reaching $13.73. 2,410,808 shares of the stock were exchanged, compared to its average volume of 3,866,679. The stock's 50 day simple moving average is $14.40 and its 200-day simple moving average is $14.14. Vipshop Holdings Limited has a one year low of $11.50 and a one year high of $20.19. The company has a market cap of $7.05 billion, a P/E ratio of 6.57, a P/E/G ratio of 1.50 and a beta of 0.31.

Vipshop Company 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.