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

Shares of Vipshop Holdings Limited (NYSE:VIPS) have earned an average recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $17.50.

VIPS has been the subject of a number of research reports. Benchmark reiterated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd. 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 on the stock. Finally, Citigroup reduced their target price 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.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Atomi Financial Group Inc. grew its holdings in shares of Vipshop by 6.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after purchasing an additional 702 shares in the last quarter. Signaturefd LLC grew its stake in Vipshop by 5.1% during the third quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock worth $263,000 after buying an additional 817 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Vipshop by 2.0% during the third quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock worth $770,000 after buying an additional 954 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Vipshop by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company’s stock valued at $349,000 after buying an additional 1,400 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Vipshop by 17.5% in the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock valued at $134,000 after buying an additional 1,487 shares in the last quarter. 48.82% of the stock is owned by institutional investors.

Vipshop Stock Up 2.2 %

Shares of VIPS stock opened at $15.31 on Tuesday. Vipshop has a 12-month low of $11.50 and a 12-month high of $20.19. The firm has a fifty day moving average of $13.76 and a 200-day moving average of $13.90. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 7.32, a price-to-earnings-growth ratio of 1.59 and a beta of 0.30.

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.