Vipshop (NYSE:VIPS) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research note published on Monday.

Other research analysts have also issued reports about the company. Citigroup lowered their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Benchmark restated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Finally, Barclays initiated coverage on Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target for the company. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Vipshop has a consensus rating of “Hold” and an average price target of $17.50.

Vipshop Stock Performance

Shares of Vipshop stock opened at $14.40 on Monday. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 1.50 and a beta of 0.30. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The stock has a 50 day moving average of $13.67 and a 200 day moving average of $13.86.

Institutional Trading of Vipshop

Institutional investors have recently bought and sold shares of the business. Atomi Financial Group Inc. increased its position in Vipshop by 6.8% in 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 period. Signaturefd LLC increased its position in Vipshop by 5.1% during the 3rd quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock worth $263,000 after purchasing an additional 817 shares during the period. Asset Management One Co. Ltd. increased its position in Vipshop by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock worth $770,000 after purchasing an additional 954 shares during the period. Blue Trust Inc. increased its position in Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock worth $134,000 after purchasing an additional 1,487 shares during the period. Finally, Lester Murray Antman dba SimplyRich increased its position in Vipshop by 1.0% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 151,159 shares of the technology company’s stock worth $2,036,000 after purchasing an additional 1,526 shares during the period. 48.82% of the stock is owned by hedge funds and other institutional investors.

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.