Vipshop (NYSE:VIPS) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from $22.00 to $23.00 in a report issued on Wednesday. The brokerage currently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 31.50% from the company’s previous close.
A number of other research analysts also recently weighed in on VIPS. KeyCorp set a $13.00 target price on shares of Vipshop and gave the company a “buy” rating in a research report on Thursday, October 19th. UBS Group initiated coverage on shares of Vipshop in a research report on Monday, October 30th. They issued a “neutral” rating and a $9.00 target price for the company. Zacks Investment Research downgraded shares of Vipshop from a “hold” rating to a “sell” rating in a research report on Friday, November 24th. Daiwa Capital Markets raised shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. Finally, HSBC raised shares of Vipshop from a “reduce” rating to a “hold” rating in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $15.12.
Shares of Vipshop (VIPS) opened at $17.49 on Wednesday. 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 12-month low of $7.79 and a 12-month high of $17.99. The stock has a market cap of $9,724.43, a price-to-earnings ratio of 37.21 and a beta of 2.45.
Hedge funds have recently made changes to their positions in the business. 1st Global Advisors Inc. lifted its stake 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 acquiring an additional 160 shares during the last quarter. Resources Investment Advisors Inc. lifted its stake in Vipshop by 296.6% in the fourth quarter. Resources Investment Advisors Inc. now owns 12,414 shares of the technology company’s stock valued at $145,000 after acquiring an additional 9,284 shares during the last quarter. Advisors Preferred LLC acquired a new stake in Vipshop in the third quarter valued at $117,000. Steward Partners Investment Advisory LLC acquired a new stake in Vipshop in the fourth quarter valued at $172,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Vipshop in the second quarter valued at $175,000. Hedge funds and other institutional investors own 51.87% of the company’s stock.
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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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