Vipshop’s (VIPS) “Hold” Rating Reiterated at Benchmark

Benchmark reaffirmed their hold rating on shares of Vipshop (NYSE:VIPS) in a research note issued to investors on Wednesday morning,Benzinga reports.

Several other equities research analysts have also recently issued reports on VIPS. StockNews.com cut shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. Barclays began coverage on Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target for the company. Citigroup raised their price objective on Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Morgan Stanley lowered their price objective on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.50.

Vipshop Trading Down 1.8 %

VIPS stock opened at $13.24 on Wednesday. The company’s 50-day moving average price is $14.66 and its 200 day moving average price is $14.39. Vipshop has a 52 week low of $11.50 and a 52 week high of $20.19. The company has a market cap of $7.18 billion, a P/E ratio of 6.33, a P/E/G ratio of 1.51 and a beta of 0.34.

Institutional Investors Weigh In On Vipshop

A number of large investors have recently added to or reduced their stakes in VIPS. Blue Trust Inc. increased its holdings in Vipshop by 1,904.0% during the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock worth $46,000 after purchasing an additional 3,351 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Vipshop during the third quarter worth approximately $56,000. Employees Retirement System of Texas increased its stake in shares of Vipshop by 143.2% in the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock worth $60,000 after buying an additional 2,717 shares during the last quarter. National Bank of Canada FI acquired a new stake in Vipshop in the second quarter valued at $136,000. Finally, Atomi Financial Group Inc. boosted its stake in Vipshop by 6.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock valued at $174,000 after acquiring an additional 702 shares during the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

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.