Public Employees Retirement System of Ohio Makes New $7.95 Million Investment in Vipshop Holdings Limited $VIPS

Key Points

• Ohio’s public employees retirement system bought 599,294 Vipshop shares worth approximately $7.95 million, giving it a 0.13% stake. Institutional investors collectively own 48.82% of the company.
• Analyst sentiment remains mixed, with Vipshop holding a consensus “Hold” rating and an average price target of $18.52; coverage includes buy, hold, and sell ratings.
• Vipshop shares opened at $13.12, near their 52-week low of $12.65. The company matched revenue estimates at $3.64 billion in its latest quarter but reported EPS of $0.12, missing the $0.59 consensus estimate.

Public Employees Retirement System of Ohio purchased a new stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 599,294 shares of the technology company's stock, valued at approximately $7,947,000. Public Employees Retirement System of Ohio owned about 0.13% of Vipshop at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VIPS. Arax Advisory Partners increased its stake in shares of Vipshop by 96.8% during the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company's stock worth $25,000 after purchasing an additional 692 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Vipshop by 8,472.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company's stock valued at $38,000 after purchasing an additional 2,118 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Vipshop by 100.4% during the first quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company's stock worth $58,000 after purchasing an additional 1,864 shares during the period. State of Wyoming grew its holdings in Vipshop by 10,007.7% during the first quarter. State of Wyoming now owns 6,570 shares of the technology company's stock worth $103,000 after purchasing an additional 6,505 shares during the period. Finally, Global Retirement Partners LLC increased its position in Vipshop by 104.3% during the fourth quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company's stock worth $106,000 after buying an additional 3,050 shares during the last quarter. Institutional investors own 48.82% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on VIPS. Nomura restated a "neutral" rating and issued a $14.00 price objective on shares of Vipshop in a research note on Thursday, August 27th. Weiss Ratings reissued a "hold (c-)" rating on shares of Vipshop in a report on Friday, August 21st. UBS Group set a $18.50 target price on Vipshop and gave the stock a "buy" rating in a report on Friday, May 22nd. Bank of America reaffirmed an "underperform" rating on shares of Vipshop in a report on Friday, May 29th. Finally, Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Vipshop presently has a consensus rating of "Hold" and an average target price of $18.52.

Vipshop Stock Performance

Shares of VIPS opened at $13.12 on Wednesday. The firm has a market cap of $6.28 billion, a P/E ratio of 4.34, a price-to-earnings-growth ratio of 2.01 and a beta of 0.67. Vipshop Holdings Limited has a 52 week low of $12.65 and a 52 week high of $21.08. The firm's 50-day simple moving average is $14.24 and its 200 day simple moving average is $14.84.

Vipshop (NYSE:VIPS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.47). Vipshop had a return on equity of 12.63% and a net margin of 9.88%.The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. As a group, equities analysts forecast that Vipshop Holdings Limited will post 1.67 earnings per share for the current year.

Vipshop Company Profile

Vipshop Holdings Limited NYSE: VIPS is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.

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