Vipshop Holdings Limited (NYSE:VIPS) Given Consensus Rating of “Hold” by Analysts

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

A number of equities analysts have weighed in on VIPS shares. StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Monday. Citigroup cut their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Barclays assumed coverage on shares of Vipshop in a research note on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target on the stock. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th.

Vipshop Stock Performance

Shares of NYSE VIPS opened at $14.40 on Friday. Vipshop has a 1 year low of $11.50 and a 1 year high of $20.19. The firm’s 50 day moving average price is $13.48 and its 200 day moving average price is $13.80. The firm has a market cap of $7.39 billion, a P/E ratio of 6.89, a price-to-earnings-growth ratio of 1.43 and a beta of 0.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Venturi Wealth Management LLC bought a new stake in shares of Vipshop during the 3rd quarter worth about $56,000. Employees Retirement System of Texas raised its holdings in shares of Vipshop by 143.2% in the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock worth $60,000 after purchasing an additional 2,717 shares in the last quarter. Blue Trust Inc. increased its position in shares of Vipshop by 140.6% in the third quarter. Blue Trust Inc. now owns 8,485 shares of the technology company’s stock worth $133,000 after acquiring an additional 4,958 shares in the last quarter. Atomi Financial Group Inc. increased its position in shares of Vipshop by 6.8% in the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after acquiring an additional 702 shares in the last quarter. Finally, Polymer Capital Management HK LTD purchased a new position in shares of Vipshop in the third quarter worth approximately $175,000. 48.82% of the stock is owned by institutional investors and hedge funds.

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.