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

Vipshop Holdings Limited (NYSE:VIPS) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $20.38.

A number of brokerages recently commented on VIPS. JPMorgan Chase & Co. boosted their price objective on shares of Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Barclays lifted their price target on Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Citigroup restated a “neutral” rating on shares of Vipshop in a research note on Thursday, November 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $22.60 target price on shares of Vipshop in a research note on Tuesday, December 30th. Finally, Wall Street Zen lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th.

Vipshop Stock Performance

NYSE:VIPS opened at $17.39 on Tuesday. The firm has a 50-day simple moving average of $18.85 and a 200-day simple moving average of $18.05. Vipshop has a one year low of $12.14 and a one year high of $21.08. The firm has a market cap of $8.91 billion, a P/E ratio of 9.15, a P/E/G ratio of 1.48 and a beta of 0.72.

Institutional Investors Weigh In On Vipshop

Several institutional investors have recently bought and sold shares of VIPS. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in shares of Vipshop during the second quarter worth about $256,000. Campbell & CO Investment Adviser LLC increased its holdings in Vipshop by 230.5% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 94,421 shares of the technology company’s stock worth $1,854,000 after buying an additional 65,848 shares during the period. Sequoia Financial Advisors LLC acquired a new position in Vipshop in the 2nd quarter worth approximately $282,000. Quadrant Capital Group LLC raised its position in Vipshop by 721.9% during the 2nd quarter. Quadrant Capital Group LLC now owns 126,094 shares of the technology company’s stock worth $1,898,000 after buying an additional 110,752 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Vipshop by 24.1% during the 2nd quarter. American Century Companies Inc. now owns 1,996,122 shares of the technology company’s stock valued at $30,042,000 after acquiring an additional 387,223 shares during the period. 48.82% of the stock is currently owned by institutional investors and hedge funds.

About Vipshop

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.