Vipshop (NYSE:VIPS) Upgraded at StockNews.com

Vipshop (NYSE:VIPS) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Several other equities research analysts have also recently commented on VIPS. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Barclays initiated coverage on shares of Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective for the company. Finally, Citigroup dropped their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vipshop presently has a consensus rating of “Hold” and a consensus target price of $17.50.

Vipshop Trading Up 2.1 %

VIPS stock traded up $0.28 during midday trading on Monday, hitting $13.45. The stock had a trading volume of 2,527,721 shares, compared to its average volume of 2,519,599. The firm has a market cap of $6.90 billion, a P/E ratio of 6.44, a price-to-earnings-growth ratio of 1.36 and a beta of 0.31. The business has a fifty day moving average price of $13.47 and a two-hundred day moving average price of $13.79. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Vipshop by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,739,378 shares of the technology company’s stock worth $87,771,000 after buying an additional 343,739 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Vipshop in the 2nd quarter worth $724,000. Intech Investment Management LLC bought a new stake in shares of Vipshop in the 2nd quarter worth $1,464,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Vipshop by 8.5% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 365,208 shares of the technology company’s stock valued at $4,755,000 after purchasing an additional 28,600 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Vipshop by 8.6% during the second quarter. Public Sector Pension Investment Board now owns 126,249 shares of the technology company’s stock valued at $1,644,000 after purchasing an additional 10,000 shares in the last quarter. 48.82% of the stock is currently 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.