Public Employees Retirement System of Ohio Has $11.49 Million Holdings in Vipshop Holdings Limited $VIPS

Public Employees Retirement System of Ohio lessened its holdings in Vipshop Holdings Limited (NYSE:VIPS) by 14.6% during the first quarter, HoldingsChannel.com reports. The firm owned 731,183 shares of the technology company’s stock after selling 125,120 shares during the period. Public Employees Retirement System of Ohio’s holdings in Vipshop were worth $11,494,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State of Wyoming boosted its holdings in Vipshop by 10,007.7% during the first quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock worth $103,000 after purchasing an additional 6,505 shares during the last quarter. First Trust Advisors LP increased its stake in Vipshop by 48.3% in the 1st quarter. First Trust Advisors LP now owns 27,963 shares of the technology company’s stock valued at $440,000 after buying an additional 9,106 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Vipshop by 12.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,366 shares of the technology company’s stock valued at $179,000 after buying an additional 1,272 shares during the last quarter. KBC Group NV lifted its position in Vipshop by 281.0% during the 1st quarter. KBC Group NV now owns 535,669 shares of the technology company’s stock worth $8,421,000 after buying an additional 395,088 shares in the last quarter. Finally, SEB Asset Management AB bought a new stake in Vipshop during the 1st quarter worth about $2,862,000. Institutional investors and hedge funds own 48.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on VIPS. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. Weiss Ratings downgraded Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. dropped their target price on Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Bank of America reissued an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Finally, Wall Street Zen upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $20.68.

Vipshop Stock Down 0.2%

Vipshop stock opened at $14.22 on Monday. The stock has a market cap of $6.81 billion, a P/E ratio of 6.68, a P/E/G ratio of 1.43 and a beta of 0.67. Vipshop Holdings Limited has a twelve month low of $12.65 and a twelve month high of $21.08. The company’s 50-day moving average price is $13.91 and its two-hundred day moving average price is $15.41.

Vipshop 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.