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

Vipshop Holdings Limited (NYSE:VIPS) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to 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.

VIPS has been the topic of a number of research reports. 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. Barclays assumed coverage on shares of Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price on the stock. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Finally, StockNews.com lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

Vipshop Stock Performance

Shares of NYSE VIPS opened at $13.45 on Friday. The company has a market capitalization 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. Vipshop has a 52-week low of $11.50 and a 52-week high of $20.19. The company’s 50 day moving average price is $13.48 and its 200-day moving average price is $13.80.

Hedge Funds Weigh In On Vipshop

Several institutional investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC purchased a new stake in Vipshop during the third quarter valued at about $56,000. Employees Retirement System of Texas lifted its holdings in Vipshop by 143.2% during the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,717 shares during the last quarter. Blue Trust Inc. lifted its holdings in Vipshop by 140.6% during the third quarter. Blue Trust Inc. now owns 8,485 shares of the technology company’s stock valued at $133,000 after purchasing an additional 4,958 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in Vipshop by 6.8% during the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock valued at $174,000 after purchasing an additional 702 shares during the last quarter. Finally, Polymer Capital Management HK LTD purchased a new stake in Vipshop during the third quarter valued at about $175,000. Institutional investors own 48.82% of the company’s stock.

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.