Vipshop Holdings Limited (NYSE:VIPS) Receives $17.50 Average Target Price from Analysts

Shares of Vipshop Holdings Limited (NYSE:VIPS) have earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Five 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.

A number of analysts have recently commented on VIPS shares. Benchmark restated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. CLSA downgraded shares of Vipshop from an “outperform” rating to a “hold” rating and decreased their price objective for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. Barclays initiated coverage on shares of Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price on the stock. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and decreased their price target for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Finally, Morgan Stanley cut their price objective on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th.

Institutional Investors Weigh In On Vipshop

A number of large investors have recently made changes to their positions in VIPS. Vanguard Group Inc. increased its position in Vipshop by 1.8% during the first quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock worth $227,772,000 after purchasing an additional 248,743 shares during the last quarter. Bayesian Capital Management LP acquired a new position in Vipshop in the first quarter valued at approximately $515,000. California State Teachers Retirement System grew its position in Vipshop by 18.0% in the first quarter. California State Teachers Retirement System now owns 178,624 shares of the technology company’s stock worth $2,956,000 after acquiring an additional 27,270 shares during the period. Swedbank AB acquired a new stake in Vipshop during the first quarter worth $19,185,000. Finally, Cetera Advisors LLC purchased a new stake in Vipshop in the first quarter valued at $232,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Stock Performance

Shares of Vipshop stock opened at $13.74 on Thursday. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The company has a market cap of $7.05 billion, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 1.58 and a beta of 0.34. The firm has a 50-day simple moving average of $14.71 and a two-hundred day simple moving average of $14.28.

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.