Vipshop (NYSE:VIPS) was upgraded by research analysts at Daiwa Capital Markets from a “hold” rating to a “buy” rating in a note issued to investors on Monday.
Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. BidaskClub cut Vipshop from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 30th. J P Morgan Chase & Co cut their price target on Vipshop from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, November 22nd. Finally, KeyCorp set a $13.00 price target on Vipshop and gave the company a “buy” rating in a report on Thursday, October 19th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $12.95.
Vipshop (VIPS) opened at $8.44 on Monday. The stock has a market capitalization of $4,980.36, a price-to-earnings ratio of 14.81 and a beta of 2.10. Vipshop has a twelve month low of $7.79 and a twelve month high of $15.49. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 1.05.
A number of hedge funds have recently made changes to their positions in VIPS. 1st Global Advisors Inc. grew its position in shares of Vipshop by 1.5% during the 2nd quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock worth $113,000 after buying an additional 160 shares during the period. QS Investors LLC grew its position in shares of Vipshop by 1.6% in the 2nd quarter. QS Investors LLC now owns 18,600 shares of the technology company’s stock valued at $196,000 after purchasing an additional 300 shares during the period. Financial Counselors Inc. grew its position in shares of Vipshop by 4.2% in the 2nd quarter. Financial Counselors Inc. now owns 13,708 shares of the technology company’s stock valued at $145,000 after purchasing an additional 547 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Vipshop by 0.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 184,063 shares of the technology company’s stock valued at $1,942,000 after purchasing an additional 800 shares during the period. Finally, Pacad Investment Ltd. grew its position in shares of Vipshop by 2.4% in the 2nd quarter. Pacad Investment Ltd. now owns 92,000 shares of the technology company’s stock valued at $971,000 after purchasing an additional 2,200 shares during the period. Hedge funds and other institutional investors own 53.28% of the company’s stock.
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Vipshop Company Profile
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.
