Public Employees Retirement System of Ohio Trims Stock Holdings in Vipshop Holdings Limited $VIPS

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Vipshop Holdings Limited by 10.5%, selling 121,507 shares and holding approximately 1,032,760 shares at a value of $15.5 million at the end of the quarter.
• Acadian Asset Management LLC significantly increased its ownership in Vipshop by 17.4% in the first quarter, now holding 16.76 million shares valued at nearly $263 million.
• Analyst ratings for Vipshop vary, with three firms rating it as a buy and three as a hold, while the consensus rating remains a "Moderate Buy" with an average target price of $18.33.

Public Employees Retirement System of Ohio lowered its position in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,032,760 shares of the technology company's stock after selling 121,507 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.20% of Vipshop worth $15,543,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Acadian Asset Management LLC increased its stake in shares of Vipshop by 17.4% in the 1st quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company's stock worth $262,757,000 after acquiring an additional 2,483,294 shares in the last quarter. Krane Funds Advisors LLC grew its holdings in Vipshop by 7.8% in the first quarter. Krane Funds Advisors LLC now owns 15,839,097 shares of the technology company's stock worth $248,357,000 after purchasing an additional 1,148,307 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Vipshop by 13.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock valued at $197,010,000 after purchasing an additional 1,456,862 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Vipshop by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 8,330,548 shares of the technology company's stock valued at $130,731,000 after purchasing an additional 267,398 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Vipshop by 5.3% in the 1st quarter. Invesco Ltd. now owns 8,170,252 shares of the technology company's stock worth $128,110,000 after purchasing an additional 411,102 shares in the last quarter. Institutional investors own 48.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VIPS. Wall Street Zen raised Vipshop from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Citigroup raised their price target on Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a report on Friday, August 15th. Bank of America dropped their price target on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research note on Friday, July 18th. JPMorgan Chase & Co. reduced their price objective on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Finally, Zacks Research downgraded shares of Vipshop from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $18.33.

Vipshop Stock Performance

NYSE VIPS opened at $18.47 on Friday. The company has a market capitalization of $9.47 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 2.08 and a beta of 0.70. The stock has a 50-day moving average of $16.80 and a 200 day moving average of $15.38. Vipshop Holdings Limited has a one year low of $12.14 and a one year high of $18.91.

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.

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