Vipshop (NYSE:VIPS) received a $20.00 price objective from analysts at KeyCorp in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the technology company’s stock. KeyCorp’s price objective suggests a potential upside of 7.24% from the stock’s current price.
Several other research firms have also issued reports on VIPS. Benchmark restated a “buy” rating and set a $24.00 price target (up previously from $12.00) on shares of Vipshop in a report on Wednesday. Macquarie upgraded shares of Vipshop from a “neutral” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Tuesday. JPMorgan Chase & Co. lowered their price target on shares of Vipshop from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Wednesday, November 22nd. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating in a report on Wednesday, January 10th. Finally, Zacks Investment Research upgraded shares of Vipshop from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $16.40.
Vipshop (NYSE:VIPS) traded up $1.16 during trading hours on Tuesday, reaching $18.65. 10,774,508 shares of the company were exchanged, compared to its average volume of 13,893,455. Vipshop has a 1-year low of $7.79 and a 1-year high of $18.67. The company has a market capitalization of $10,380.00, a price-to-earnings ratio of 38.06 and a beta of 2.45. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 0.54.
Several large investors have recently added to or reduced their stakes in VIPS. Penserra Capital Management LLC increased its stake in Vipshop by 72.0% during the 3rd quarter. Penserra Capital Management LLC now owns 685,924 shares of the technology company’s stock valued at $6,028,000 after purchasing an additional 287,048 shares in the last quarter. Korea Investment CORP increased its stake in Vipshop by 22.6% during the 3rd quarter. Korea Investment CORP now owns 836,600 shares of the technology company’s stock valued at $7,354,000 after purchasing an additional 154,200 shares in the last quarter. Pictet Asset Management Ltd. increased its stake in Vipshop by 553.9% during the 3rd quarter. Pictet Asset Management Ltd. now owns 3,896,476 shares of the technology company’s stock valued at $34,250,000 after purchasing an additional 3,300,586 shares in the last quarter. Trexquant Investment LP bought a new stake in Vipshop during the 3rd quarter valued at $578,000. Finally, Conning Inc. bought a new stake in Vipshop during the 3rd quarter valued at $1,659,000. 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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