Analysts Set Vipshop Holdings Limited (NYSE:VIPS) Price Target at $17.50

Shares of Vipshop Holdings Limited (NYSE:VIPS) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $17.50.

A number of analysts have weighed in on the company. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Citigroup dropped their price target 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 initiated coverage on shares of Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective for the company. StockNews.com lowered Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and decreased their target price for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st.

Hedge Funds Weigh In On Vipshop

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atomi Financial Group Inc. lifted its position in shares of Vipshop by 6.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after acquiring an additional 702 shares during the period. Signaturefd LLC raised its stake in shares of Vipshop by 5.1% in the third quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock valued at $263,000 after purchasing an additional 817 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Vipshop by 2.0% in the third 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. Harvest Fund Management Co. Ltd boosted its stake in Vipshop by 0.7% during the third quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock worth $4,691,000 after buying an additional 2,055 shares in the last quarter. Finally, National Pension Service increased its holdings in Vipshop by 2.0% in the 3rd quarter. National Pension Service now owns 107,152 shares of the technology company’s stock valued at $1,686,000 after buying an additional 2,074 shares during the period. 48.82% of the stock is currently owned by institutional investors.

Vipshop Stock Up 1.8 %

VIPS stock opened at $13.81 on Thursday. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 6.61, a P/E/G ratio of 1.55 and a beta of 0.34. Vipshop has a 12 month low of $11.50 and a 12 month high of $20.19. The firm has a 50 day moving average of $14.71 and a two-hundred day moving average of $14.31.

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.