California State Teachers Retirement System Sells 21,947 Shares of Vipshop Holdings Limited (NYSE:VIPS)

California State Teachers Retirement System decreased its stake in shares of Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 218,917 shares of the technology company's stock after selling 21,947 shares during the quarter. California State Teachers Retirement System's holdings in Vipshop were worth $2,949,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VIPS. Norges Bank bought a new position in Vipshop during the fourth quarter valued at $64,115,000. Polaris Capital Management LLC bought a new position in Vipshop during the fourth quarter valued at $63,095,000. Invesco Ltd. lifted its position in 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 purchasing an additional 1,718,159 shares during the last quarter. Northern Trust Corp lifted its position in Vipshop by 91.2% during the fourth quarter. Northern Trust Corp now owns 2,591,643 shares of the technology company's stock valued at $34,909,000 after purchasing an additional 1,236,106 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Vipshop by 14.0% in 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 acquiring an additional 993,042 shares during the period. Institutional investors own 48.82% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VIPS shares. Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price on the stock. in a research note on Tuesday, April 1st. Finally, Barclays reduced their target price on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.10.

Vipshop Price Performance

NYSE VIPS traded up $0.18 during trading on Friday, reaching $14.65. 3,170,327 shares of the company's stock traded hands, compared to its average volume of 3,793,722. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 7.01, a price-to-earnings-growth ratio of 1.52 and a beta of 0.57. The company's 50 day simple moving average is $13.83 and its two-hundred day simple moving average is $14.31. Vipshop Holdings Limited has a 12-month low of $11.50 and a 12-month 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.