Nomura Upgrades Vipshop (VIPS) to Buy

Vipshop (NYSE:VIPS) was upgraded by research analysts at Nomura from a “neutral” rating to a “buy” rating in a report released on Wednesday.

Several other analysts have also issued reports on the company. HSBC raised Vipshop from a “reduce” rating to a “hold” rating in a report on Wednesday, January 3rd. BidaskClub lowered Vipshop from a “hold” rating to a “sell” rating in a report on Sunday, September 24th. Zacks Investment Research lowered Vipshop from a “hold” rating to a “sell” rating in a report on Friday, November 24th. JPMorgan Chase & Co. reduced their target price on Vipshop from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, November 22nd. Finally, UBS Group started coverage on Vipshop in a report on Monday, October 30th. They set a “neutral” rating and a $9.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.95.

Shares of Vipshop (NYSE VIPS) traded up $0.14 during midday trading on Wednesday, reaching $13.38. The company’s stock had a trading volume of 2,121,328 shares, compared to its average volume of 11,110,000. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 0.54. Vipshop has a 52-week low of $7.79 and a 52-week high of $15.49. The firm has a market cap of $7,940.00, a price-to-earnings ratio of 27.86 and a beta of 2.10.

Several hedge funds have recently made changes to their positions in the stock. DnB Asset Management AS lifted its position in shares of Vipshop by 0.4% during the 2nd quarter. DnB Asset Management AS now owns 28,110 shares of the technology company’s stock worth $297,000 after buying an additional 100 shares during the last quarter. OLD National Bancorp IN raised its position in Vipshop by 1.1% in the second quarter. OLD National Bancorp IN now owns 11,396 shares of the technology company’s stock valued at $120,000 after purchasing an additional 128 shares during the last quarter. 1st Global Advisors Inc. raised its position in Vipshop by 1.5% in the second quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock valued at $113,000 after purchasing an additional 160 shares during the last quarter. QS Investors LLC raised its position in Vipshop by 1.6% in the second 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 last quarter. Finally, Comerica Bank raised its position in Vipshop by 1.3% in the first quarter. Comerica Bank now owns 29,105 shares of the technology company’s stock valued at $405,000 after purchasing an additional 386 shares during the last quarter. Institutional investors and hedge funds own 52.93% of the company’s stock.

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About Vipshop

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.