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

Shares of Vipshop Holdings Limited (NYSE:VIPS) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $20.38.

A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of Vipshop from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. JPMorgan Chase & Co. increased their target price on Vipshop from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a research report on Monday. Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a research note on Thursday, November 20th. Finally, Barclays upped their price objective on Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, November 21st.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of Vipshop in the 2nd quarter worth about $256,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Vipshop by 12.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 446,034 shares of the technology company’s stock worth $6,994,000 after acquiring an additional 49,632 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Vipshop in the second quarter worth about $282,000. Acadian Asset Management LLC increased its stake in shares of Vipshop by 17.4% during the first quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company’s stock valued at $262,757,000 after purchasing an additional 2,483,294 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Vipshop by 721.9% during the second quarter. Quadrant Capital Group LLC now owns 126,094 shares of the technology company’s stock valued at $1,898,000 after purchasing an additional 110,752 shares during the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Trading Down 1.8%

VIPS stock opened at $17.69 on Friday. The company’s 50 day moving average is $19.18 and its 200 day moving average is $17.68. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 1.68 and a beta of 0.72. Vipshop has a 1-year low of $12.14 and a 1-year high of $21.08.

Vipshop Company Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.