Teachers Retirement System of The State of Kentucky Invests $11.86 Million in Vipshop Holdings Limited (NYSE:VIPS)

Teachers Retirement System of The State of Kentucky purchased a new position in Vipshop Holdings Limited (NYSE:VIPS – Get Rating) in the third quarter, HoldingsChannel.com reports. The fund purchased 1,409,790 shares of the technology company’s stock, valued at approximately $11,856,000.

A number of other institutional investors also recently made changes to their positions in the stock. Huntington National Bank increased its stake in Vipshop by 121.0% in the third quarter. Huntington National Bank now owns 3,487 shares of the technology company’s stock valued at $29,000 after purchasing an additional 1,909 shares during the last quarter. Sargent Bickham Lagudis LLC acquired a new stake in Vipshop during the third quarter worth about $34,000. Public Employees Retirement Association of Colorado acquired a new stake in Vipshop during the third quarter worth about $42,000. Wipfli Financial Advisors LLC acquired a new stake in Vipshop during the third quarter worth about $51,000. Finally, Quadrant Capital Group LLC increased its stake in Vipshop by 128.6% during the third quarter. Quadrant Capital Group LLC now owns 8,681 shares of the technology company’s stock worth $73,000 after acquiring an additional 4,883 shares during the last quarter. 49.81% of the stock is owned by institutional investors and hedge funds.

Vipshop Trading Up 3.7 %

Shares of Vipshop stock opened at $15.32 on Friday. The business’s 50 day simple moving average is $14.81 and its 200-day simple moving average is $11.77. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 10.19 and a beta of 0.45. Vipshop Holdings Limited has a twelve month low of $6.36 and a twelve month high of $16.18.

Vipshop (NYSE:VIPS – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The technology company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Vipshop had a return on equity of 16.75% and a net margin of 6.05%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.52 billion. Sell-side analysts predict that Vipshop Holdings Limited will post 1.39 earnings per share for the current year.

Analysts Set New Price Targets

VIPS has been the subject of several research analyst reports. Nomura upgraded Vipshop from a “neutral” rating to a “buy” rating in a research note on Friday, February 24th. StockNews.com initiated coverage on Vipshop in a research report on Thursday. They issued a “buy” rating for the company. Citigroup decreased their target price on Vipshop from $17.00 to $15.00 in a research report on Monday, February 27th. JPMorgan Chase & Co. upped their target price on Vipshop from $10.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 11th. Finally, Nomura Instinet raised Vipshop from a “neutral” rating to a “buy” rating and increased their price target for the company from $10.00 to $17.00 in a report on Friday, February 24th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Vipshop presently has a consensus rating of “Moderate Buy” and an average price target of $13.18.

Vipshop Profile

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Vipshop Holdings Ltd. operates as a holding company which through its subsidiaries engages in the provision of online product sales and distributions services. It offers womenswear, menswear, footwear, accessories, handbags, apparel for children, sportswear and sporting goods, cosmetic goods, home and lifestyle products, luxury goods, and gifts and miscellaneous.