Vipshop Holdings Limited (NYSE:VIPS) Given Consensus Rating of “Hold” by Analysts

Vipshop Holdings Limited (NYSE:VIPS) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $17.50.

Several equities analysts have weighed in on VIPS shares. Citigroup dropped their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. StockNews.com cut Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. CLSA downgraded Vipshop from an “outperform” rating to a “hold” rating and lowered their target price for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. UBS Group lowered Vipshop from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Finally, Barclays initiated coverage on Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VIPS. Blue Trust Inc. boosted its stake in Vipshop by 1,904.0% during the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after purchasing an additional 3,351 shares during the period. Venturi Wealth Management LLC bought a new position in Vipshop during the third quarter worth $56,000. Employees Retirement System of Texas raised its stake in Vipshop by 143.2% during the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,717 shares during the last quarter. National Bank of Canada FI bought a new stake in Vipshop in the 2nd quarter valued at $136,000. Finally, Atomi Financial Group Inc. grew its position in Vipshop by 6.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after purchasing an additional 702 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Stock Up 3.2 %

Shares of Vipshop stock opened at $13.56 on Thursday. Vipshop has a 12-month low of $11.50 and a 12-month high of $20.19. The firm has a market capitalization of $7.35 billion, a PE ratio of 6.49, a price-to-earnings-growth ratio of 1.55 and a beta of 0.34. The stock’s fifty day moving average is $14.68 and its 200-day moving average is $14.34.

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.