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

Shares of Vipshop Holdings Limited (NYSE:VIPS) have been given an average recommendation of “Hold” by the seven analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $17.50.

VIPS has been the subject of several research reports. StockNews.com cut Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. CLSA lowered shares of Vipshop from an “outperform” rating to a “hold” rating and reduced their price objective for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Barclays began coverage on shares of Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price on the stock. Morgan Stanley reduced their target price on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. Finally, Benchmark reaffirmed a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th.

Hedge Funds Weigh In On Vipshop

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew 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 acquiring an additional 3,351 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Vipshop during the third quarter valued at approximately $56,000. Employees Retirement System of Texas increased its stake in Vipshop by 143.2% in the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after buying an additional 2,717 shares during the period. National Bank of Canada FI purchased a new stake in Vipshop in the 2nd quarter worth approximately $136,000. Finally, Atomi Financial Group Inc. boosted its stake in shares of 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 buying an additional 702 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Price Performance

VIPS opened at $13.81 on Thursday. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19. The business has a 50 day moving average price of $14.71 and a two-hundred day moving average price of $14.31. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 6.61, a price-to-earnings-growth ratio of 1.55 and a beta of 0.34.

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.