949,622 Shares in Vipshop Holdings Limited (NYSE:VIPS) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in shares of Vipshop Holdings Limited (NYSE:VIPS) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 949,622 shares of the technology company’s stock, valued at approximately $14,938,000.

A number of other hedge funds and other institutional investors have also modified their holdings of VIPS. National Bank of Canada FI grew its holdings in shares of Vipshop by 3,647.0% in the third quarter. National Bank of Canada FI now owns 389,799 shares of the technology company’s stock valued at $6,132,000 after purchasing an additional 379,396 shares during the period. Quantinno Capital Management LP grew its stake in shares of Vipshop by 16.9% in the 3rd quarter. Quantinno Capital Management LP now owns 15,811 shares of the technology company’s stock valued at $249,000 after buying an additional 2,284 shares during the period. Polymer Capital Management HK LTD purchased a new stake in shares of Vipshop in the 3rd quarter valued at approximately $175,000. Maven Securities LTD acquired a new stake in shares of Vipshop during the 3rd quarter worth approximately $629,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Vipshop during the 3rd quarter valued at approximately $6,331,000. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Price Performance

Shares of NYSE:VIPS opened at $14.38 on Wednesday. Vipshop Holdings Limited has a 12 month low of $11.50 and a 12 month high of $20.19. The firm has a market capitalization of $7.38 billion, a P/E ratio of 6.88, a P/E/G ratio of 1.50 and a beta of 0.31. The company’s fifty day moving average price is $14.54 and its 200 day moving average price is $14.14.

Wall Street Analysts Forecast Growth

VIPS has been the subject of several recent analyst reports. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and cut their target price for the stock from $15.80 to $12.00 in a research note on Wednesday, August 21st. Barclays assumed coverage on Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target for the company. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Citigroup dropped their price target on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Vipshop currently has a consensus rating of “Hold” and an average target price of $17.50.

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.