Teachers Retirement System of The State of Kentucky Sells 147,600 Shares of Vipshop Holdings Limited (NYSE:VIPS)

Teachers Retirement System of The State of Kentucky trimmed its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 10.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.24% of Vipshop worth $19,243,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VIPS. Wayfinding Financial LLC purchased a new position in shares of Vipshop during the first quarter worth approximately $35,000. Sound Income Strategies LLC purchased a new position in shares of Vipshop during the first quarter worth approximately $62,000. Jump Financial LLC purchased a new position in shares of Vipshop in the 4th quarter valued at approximately $161,000. Ballentine Partners LLC purchased a new position in shares of Vipshop in the 1st quarter valued at approximately $163,000. Finally, Vontobel Holding Ltd. grew its stake in shares of Vipshop by 19.1% in the 1st quarter. Vontobel Holding Ltd. now owns 14,638 shares of the technology company's stock valued at $230,000 after purchasing an additional 2,352 shares during the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Bank of America lowered their price objective on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a report on Friday, July 18th. Barclays reduced their target price on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a report on Tuesday, April 1st. Wall Street Zen lowered shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $15.83.

Vipshop Trading Down 1.9%

VIPS traded down $0.31 on Thursday, hitting $16.17. 1,090,730 shares of the stock traded hands, compared to its average volume of 3,644,847. Vipshop Holdings Limited has a 52 week low of $11.50 and a 52 week high of $17.94. The firm has a market capitalization of $8.29 billion, a PE ratio of 8.46, a P/E/G ratio of 1.82 and a beta of 0.58. The business has a fifty day moving average price of $14.90 and a two-hundred day moving average price of $14.68.

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.