Vipshop Holdings Limited (NYSE:VIPS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Vipshop Holdings Limited (NYSE:VIPS) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $20.38.

A number of brokerages have issued reports on VIPS. Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a research report on Monday, December 29th. Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. JPMorgan Chase & Co. upped 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. Benchmark reiterated a “hold” rating on shares of Vipshop in a report on Friday, November 21st. Finally, Zacks Research raised Vipshop from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th.

Vipshop Price Performance

Vipshop stock opened at $17.72 on Friday. The stock’s 50 day moving average price is $18.00 and its 200 day moving average price is $18.27. Vipshop has a 1-year low of $12.14 and a 1-year high of $21.08. The company has a market cap of $9.08 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 1.47 and a beta of 0.72.

Institutional Investors Weigh In On Vipshop

Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of Vipshop by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock valued at $77,326,000 after buying an additional 1,126,983 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Vipshop in the 2nd quarter valued at $224,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Vipshop during the 2nd quarter worth $1,929,000. First Pacific Advisors LP acquired a new stake in shares of Vipshop during the second quarter worth $2,703,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Vipshop by 1,187.1% during the second quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock worth $49,000 after purchasing an additional 3,027 shares during the last quarter. 48.82% of the stock is 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.