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

Vipshop Holdings Limited (NYSE:VIPS) has received a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings 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 12 month target price among brokers that have issued a report on the stock in the last year is $17.50.

A number of research firms recently weighed in on VIPS. StockNews.com lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Barclays assumed coverage on shares of Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective for the company. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Finally, Citigroup reduced their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th.

Hedge Funds Weigh In On Vipshop

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VIPS. Assenagon Asset Management S.A. boosted its stake in shares of Vipshop by 13.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 22,478 shares of the technology company’s stock worth $293,000 after purchasing an additional 2,729 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Vipshop by 8.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 532,050 shares of the technology company’s stock worth $6,927,000 after acquiring an additional 39,686 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Vipshop by 2.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,559,051 shares of the technology company’s stock valued at $85,399,000 after acquiring an additional 184,000 shares during the last quarter. Railway Pension Investments Ltd lifted its stake in shares of Vipshop by 20.8% during the 2nd quarter. Railway Pension Investments Ltd now owns 556,500 shares of the technology company’s stock worth $7,246,000 after purchasing an additional 95,700 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Vipshop by 6.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 626,048 shares of the technology company’s stock worth $8,151,000 after purchasing an additional 36,377 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Trading Up 0.1 %

Shares of VIPS stock opened at $13.63 on Monday. The company has a market capitalization of $7.00 billion, a P/E ratio of 6.52, a price-to-earnings-growth ratio of 1.56 and a beta of 0.31. The business’s 50 day moving average is $13.87 and its two-hundred day moving average is $13.96. Vipshop has a twelve month low of $11.50 and a twelve month high of $20.19.

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.