Strs Ohio Purchases New Stake in Vipshop Holdings Limited $VIPS

Key Points

• Strs Ohio has acquired a new stake in Vipshop Holdings Limited (NYSE: VIPS), purchasing 25,453 shares valued at approximately $399,000.
• In the first quarter, other institutional investors, including Acadian Asset Management and Goldman Sachs, also increased their stakes, highlighting strong institutional interest in Vipshop.
• Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average price target of $18.33, as several firms adjusted their target prices recently.

Strs Ohio purchased a new stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,453 shares of the technology company's stock, valued at approximately $399,000.

A number of other institutional investors have also recently modified their holdings of the business. Acadian Asset Management LLC boosted its stake in shares of Vipshop by 17.4% in the first quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company's stock valued at $262,757,000 after buying an additional 2,483,294 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Vipshop in the first quarter valued at approximately $1,653,000. Goldman Sachs Group Inc. boosted its stake in shares of Vipshop by 29.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company's stock valued at $77,326,000 after buying an additional 1,126,983 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Vipshop by 33.3% in the first quarter. Millennium Management LLC now owns 1,386,985 shares of the technology company's stock valued at $21,748,000 after buying an additional 346,374 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Vipshop by 12.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 446,034 shares of the technology company's stock worth $6,994,000 after purchasing an additional 49,632 shares in the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Vipshop Stock Down 0.7%

NYSE VIPS opened at $18.25 on Tuesday. Vipshop Holdings Limited has a fifty-two week low of $12.14 and a fifty-two week high of $18.91. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 2.07 and a beta of 0.70. The business has a fifty day moving average of $16.61 and a 200-day moving average of $15.33.

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 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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