Vipshop Holdings Limited (NYSE:VIPS) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Vipshop Holdings Limited (NYSE:VIPS) have received an average rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $17.50.

Several analysts have issued reports on the company. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com lowered Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Citigroup decreased their price objective on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Finally, Barclays initiated coverage on shares of Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price on the stock.

Vipshop Stock Performance

Shares of Vipshop stock opened at $13.58 on Monday. Vipshop has a 1 year low of $11.50 and a 1 year high of $20.19. The firm’s 50-day simple moving average is $13.99 and its 200-day simple moving average is $14.01. The firm has a market cap of $6.97 billion, a PE ratio of 6.50, a price-to-earnings-growth ratio of 1.56 and a beta of 0.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Lingohr Asset Management GmbH acquired a new position in Vipshop during the 3rd quarter worth $921,000. The Manufacturers Life Insurance Company lifted its holdings in Vipshop by 76.6% in the second quarter. The Manufacturers Life Insurance Company now owns 73,369 shares of the technology company’s stock worth $955,000 after purchasing an additional 31,816 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Vipshop by 179.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock valued at $62,670,000 after buying an additional 2,558,896 shares in the last quarter. FMR LLC increased its stake in Vipshop by 8.5% during the 3rd quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock valued at $32,579,000 after buying an additional 162,027 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of Vipshop by 30.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,379,114 shares of the technology company’s stock worth $43,996,000 after buying an additional 780,443 shares in the last quarter. 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.