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 released on Monday morning.

Several other equities research analysts also recently weighed in on the stock. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Citigroup reduced 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 began coverage on shares of Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.50.

Vipshop Stock Down 3.3 %

VIPS stock opened at $13.90 on Monday. The company has a market capitalization of $7.13 billion, a P/E ratio of 6.65, a PEG ratio of 1.50 and a beta of 0.30. The company has a 50-day simple moving average of $13.62 and a 200 day simple moving average of $13.85. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19.

Institutional Investors Weigh In On Vipshop

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lingohr Asset Management GmbH acquired a new stake in Vipshop during the 3rd quarter worth about $921,000. The Manufacturers Life Insurance Company raised its holdings in Vipshop by 76.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 73,369 shares of the technology company’s stock worth $955,000 after buying an additional 31,816 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Vipshop by 179.5% during 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 worth $62,670,000 after buying an additional 2,558,896 shares during the period. FMR LLC raised its holdings in Vipshop by 8.5% during the 3rd quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock worth $32,579,000 after buying an additional 162,027 shares during the period. Finally, Ariose Capital Management Ltd acquired a new stake in Vipshop during the 3rd quarter worth about $8,189,000. 48.82% of the stock is currently owned by 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.