Vipshop Holdings Limited (NYSE:VIPS) Receives Average Recommendation of “Hold” from Analysts

Shares of Vipshop Holdings Limited (NYSE:VIPS) have received an average recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $19.8250.

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a research note on Thursday, November 20th. Barclays increased their target price on shares of Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Zacks Research lowered shares of Vipshop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Finally, Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th.

Hedge Funds Weigh In On Vipshop

A number of institutional investors have recently added to or reduced their stakes in VIPS. Farther Finance Advisors LLC lifted its position in Vipshop by 209.2% in the second quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock valued at $38,000 after buying an additional 1,726 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Vipshop by 1,695.2% in the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,475 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Vipshop by 1,187.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock worth $49,000 after acquiring an additional 3,027 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Vipshop by 53.8% in the 2nd quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock worth $50,000 after acquiring an additional 1,163 shares during the last quarter. Finally, Atlas Capital Advisors Inc. boosted its position in shares of Vipshop by 41.5% during the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock worth $56,000 after purchasing an additional 1,046 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Up 1.1%

VIPS opened at $20.14 on Monday. Vipshop has a twelve month low of $12.14 and a twelve month high of $21.08. The company has a market cap of $10.33 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 1.87 and a beta of 0.73. The company has a 50-day moving average price of $19.20 and a 200 day moving average price of $17.08.

About Vipshop

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.