California State Teachers Retirement System reduced its stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) by 9.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of VIPS. Blue Trust Inc. boosted its stake in shares of Vipshop by 17.5% in the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock worth $134,000 after buying an additional 1,487 shares during the last quarter. Jump Financial LLC purchased a new position in Vipshop in the fourth quarter worth $161,000. Vontobel Holding Ltd. bought a new position in Vipshop in the 4th quarter valued at $165,000. Wilmington Savings Fund Society FSB bought a new position in Vipshop in the 4th quarter valued at $175,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Vipshop during the 4th quarter valued at $210,000. 48.82% of the stock is currently owned by institutional investors.
Vipshop Stock Up 2.9%
Vipshop stock traded up $0.43 during midday trading on Monday, reaching $15.06. The stock had a trading volume of 3,170,920 shares, compared to its average volume of 3,791,942. The firm has a market capitalization of $7.73 billion, a PE ratio of 7.20, a P/E/G ratio of 1.52 and a beta of 0.57. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $17.94. The firm's 50-day moving average price is $13.83 and its 200 day moving average price is $14.32.
Analyst Ratings Changes
A number of equities analysts recently weighed in on VIPS shares. Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Barclays dropped 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. Finally, Citigroup lowered shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company. in a research note on Tuesday, April 1st. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $15.10.
View Our Latest Research Report on Vipshop
Vipshop Profile
(
Free Report)
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.
See Also
Before you consider Vipshop, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vipshop wasn't on the list.
While Vipshop currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
