VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 14,900 Vipshop Holdings Limited $VIPS

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Vipshop Holdings Limited (NYSE:VIPS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,900 shares of the technology company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Vipshop by 3,533.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company’s stock valued at $310,000 after acquiring an additional 1,965,244 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in Vipshop during the 1st quarter valued at $427,000. Bank of New York Mellon Corp boosted its position in shares of Vipshop by 4.1% in the 1st quarter. Bank of New York Mellon Corp now owns 560,933 shares of the technology company’s stock worth $8,795,000 after purchasing an additional 22,204 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Vipshop in the 1st quarter worth $27,051,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Vipshop by 12.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 446,034 shares of the technology company’s stock worth $6,994,000 after purchasing an additional 49,632 shares in the last quarter. Institutional investors own 48.82% of the company’s stock.

Vipshop Stock Performance

Shares of VIPS opened at $18.35 on Monday. The stock has a 50-day moving average of $18.28 and a two-hundred day moving average of $15.91. Vipshop Holdings Limited has a one year low of $12.14 and a one year high of $21.08. The stock has a market cap of $9.41 billion, a P/E ratio of 9.97, a P/E/G ratio of 2.12 and a beta of 0.71.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VIPS. Wall Street Zen raised Vipshop from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Citigroup raised their price objective on Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. JPMorgan Chase & Co. lowered their price objective on Vipshop from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, June 30th. Zacks Research cut Vipshop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Vipshop currently has an average rating of “Hold” and an average target price of $18.33.

About Vipshop

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.