Teachers Retirement System of The State of Kentucky Decreases Stock Holdings in Vipshop Holdings Limited (NYSE:VIPS)

Teachers Retirement System of The State of Kentucky cut its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 10.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,227,240 shares of the technology company's stock after selling 147,600 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.24% of Vipshop worth $19,243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Krane Funds Advisors LLC boosted its holdings in Vipshop by 7.8% in the 1st quarter. Krane Funds Advisors LLC now owns 15,839,097 shares of the technology company's stock worth $248,357,000 after buying an additional 1,148,307 shares during the period. Vanguard Group Inc. lifted its stake in Vipshop by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock worth $188,060,000 after acquiring an additional 79,254 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in Vipshop by 13.1% in the first quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock worth $197,010,000 after acquiring an additional 1,456,862 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Vipshop by 14.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,063,150 shares of the technology company's stock valued at $108,608,000 after buying an additional 993,042 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Vipshop by 28.4% during the fourth quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company's stock valued at $104,516,000 after buying an additional 1,718,159 shares during the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VIPS has been the topic of several research reports. Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a report on Tuesday, April 1st. Barclays lowered their price target on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Bank of America cut 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. Finally, Wall Street Zen lowered shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Vipshop presently has a consensus rating of "Hold" and a consensus price target of $15.83.

Vipshop Price Performance

NYSE VIPS traded up $0.49 during trading on Tuesday, reaching $16.26. 3,487,254 shares of the company's stock were exchanged, compared to its average volume of 3,618,612. The business has a 50 day moving average price of $14.82 and a 200-day moving average price of $14.64. The stock has a market capitalization of $8.33 billion, a P/E ratio of 8.51, a PEG ratio of 2.66 and a beta of 0.58. Vipshop Holdings Limited has a fifty-two week low of $11.50 and a fifty-two week high of $17.94.

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.