Public Employees Retirement System of Ohio Purchases New Shares in Vipshop Holdings Limited $VIPS

Public Employees Retirement System of Ohio purchased a new position in shares of Vipshop Holdings Limited (NYSE:VIPS) during the second quarter, HoldingsChannel reports. The fund purchased 599,294 shares of the technology company’s stock, valued at approximately $7,947,000.

Several other hedge funds and other institutional investors have also bought and sold shares of VIPS. FIL Ltd boosted its holdings in Vipshop by 2.6% in the 4th quarter. FIL Ltd now owns 18,891,105 shares of the technology company’s stock valued at $334,184,000 after purchasing an additional 483,842 shares during the period. Invesco Ltd. increased its holdings in shares of Vipshop by 0.9% during the fourth quarter. Invesco Ltd. now owns 16,864,626 shares of the technology company’s stock worth $298,335,000 after purchasing an additional 148,970 shares during the period. Orbis Allan Gray Ltd increased its holdings in shares of Vipshop by 12.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock worth $191,316,000 after purchasing an additional 1,227,325 shares during the period. Vanguard Group Inc. raised its position in shares of Vipshop by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock valued at $179,518,000 after buying an additional 149,758 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Vipshop by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,616,834 shares of the technology company’s stock valued at $152,493,000 after buying an additional 149,268 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VIPS shares. Morgan Stanley set a $16.00 price target on Vipshop in a research report on Wednesday, August 26th. Barclays dropped their price objective on Vipshop from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, August 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Vipshop in a report on Friday, August 21st. UBS Group set a $18.50 price target on Vipshop and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, Zacks Research downgraded Vipshop from a “hold” rating to a “strong sell” rating in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.52.

Vipshop Trading Up 0.2%

NYSE VIPS opened at $13.12 on Wednesday. The firm’s 50 day simple moving average is $14.24 and its 200 day simple moving average is $14.84. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 4.34, a P/E/G ratio of 2.01 and a beta of 0.67. Vipshop Holdings Limited has a 1 year low of $12.65 and a 1 year high of $21.08.

Vipshop (NYSE:VIPS) last announced its quarterly earnings data on Tuesday, August 25th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.47). Vipshop had a net margin of 9.88% and a return on equity of 12.63%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. On average, equities research analysts forecast that Vipshop Holdings Limited will post 1.67 earnings per share for the current year.

Vipshop Company Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.