Vipshop Holdings Ltd – (NYSE:VIPS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “Vipshop Holdings Ltd. is an online discount retailer for brands. The Company offers branded products to consumers in China through flash sales on its vipshop.com website. It offers a wide selection of various famous branded discount products including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products, through its website. Vipshop Holdings Ltd. is headquartered in Guangzhou. “

Several other research analysts also recently commented on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a $16.00 price objective on shares of Vipshop Holdings Ltd – in a research report on Wednesday, August 31st. Nomura boosted their price objective on shares of Vipshop Holdings Ltd – from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Deutsche Bank AG downgraded shares of Vipshop Holdings Ltd – from a “buy” rating to a “hold” rating and boosted their price objective for the company from $16.60 to $16.90 in a research report on Wednesday, August 17th. Jefferies Group restated a “buy” rating and set a $16.00 price objective on shares of Vipshop Holdings Ltd – in a research report on Tuesday, August 16th. Finally, Bank of America Corp. upgraded shares of Vipshop Holdings Ltd – from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.95.

Analyst Recommendations for Vipshop Holdings Ltd - (NYSE:VIPS)

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Vipshop Holdings Ltd – (NYSE:VIPS) opened at 13.96 on Thursday. Vipshop Holdings Ltd – has a 12 month low of $10.21 and a 12 month high of $22.31. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 31.80 and a beta of 1.68. The firm has a 50-day moving average price of $14.51 and a 200-day moving average price of $12.95.

Vipshop Holdings Ltd – (NYSE:VIPS) last issued its quarterly earnings results on Monday, August 15th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The company earned $2.02 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm posted $0.14 earnings per share. On average, equities analysts anticipate that Vipshop Holdings Ltd – will post $0.70 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of VIPS. Renaissance Technologies LLC purchased a new stake in shares of Vipshop Holdings Ltd – during the first quarter worth approximately $34,494,000. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Vipshop Holdings Ltd – by 5.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,379,643 shares of the company’s stock worth $30,650,000 after buying an additional 120,811 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of Vipshop Holdings Ltd – by 124.8% in the second quarter. Gulf International Bank UK Ltd now owns 107,720 shares of the company’s stock worth $1,203,000 after buying an additional 59,800 shares during the period. Legal & General Group Plc boosted its stake in shares of Vipshop Holdings Ltd – by 2.3% in the first quarter. Legal & General Group Plc now owns 342,800 shares of the company’s stock worth $4,416,000 after buying an additional 7,600 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Vipshop Holdings Ltd – by 109.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 951,224 shares of the company’s stock worth $10,625,000 after buying an additional 497,537 shares during the period.

About Vipshop Holdings Ltd –

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

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