Vipshop (NYSE:VIPS)‘s stock had its “buy” rating restated by analysts at Benchmark in a report issued on Wednesday. They presently have a $24.00 price objective on the technology company’s stock, up from their prior price objective of $12.00. Benchmark’s target price indicates a potential upside of 31.94% from the company’s previous close.
Other equities research analysts have also issued research reports about the company. Daiwa Capital Markets upgraded Vipshop from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. KeyCorp set a $13.00 price target on Vipshop and gave the company a “buy” rating in a research report on Thursday, October 19th. Nomura upped their price target on Vipshop to $19.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. HSBC upgraded Vipshop from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Wednesday. Finally, Zacks Investment Research upgraded Vipshop from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. Vipshop has a consensus rating of “Buy” and an average target price of $16.19.
Shares of Vipshop (NYSE VIPS) traded up $0.70 during mid-day trading on Wednesday, reaching $18.19. The company had a trading volume of 6,162,113 shares, compared to its average volume of 13,855,996. The company has a market cap of $10,380.00, a price-to-earnings ratio of 36.96 and a beta of 2.45. Vipshop has a twelve month low of $7.79 and a twelve month high of $18.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.05 and a quick ratio of 0.74.
Several large investors have recently made changes to their positions in the company. Comgest Global Investors S.A.S. lifted its stake in shares of Vipshop by 1.0% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 24,948,420 shares of the technology company’s stock valued at $219,297,000 after purchasing an additional 244,617 shares during the period. BlackRock Inc. lifted its stake in shares of Vipshop by 19.7% in the 4th quarter. BlackRock Inc. now owns 20,007,313 shares of the technology company’s stock valued at $234,485,000 after purchasing an additional 3,291,645 shares during the period. Schroder Investment Management Group lifted its stake in shares of Vipshop by 3.9% in the 4th quarter. Schroder Investment Management Group now owns 13,772,922 shares of the technology company’s stock valued at $161,418,000 after purchasing an additional 520,031 shares during the period. Neuberger Berman Group LLC raised its stake in Vipshop by 3,636.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 5,304,737 shares of the technology company’s stock worth $46,629,000 after buying an additional 5,162,758 shares during the period. Finally, KEYWISE CAPITAL MANAGEMENT Ltd raised its stake in Vipshop by 921.0% during the 3rd quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 4,758,700 shares of the technology company’s stock worth $41,829,000 after buying an additional 4,292,600 shares during the period. 51.87% of the stock is currently owned by institutional investors.
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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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