JPMorgan Chase & Co. Issues Pessimistic Forecast for Vipshop (NYSE:VIPS) Stock Price

Vipshop (NYSE:VIPS) had its price target reduced by equities researchers at JPMorgan Chase & Co. from $22.00 to $21.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 39.67% from the company’s current price.

VIPS has been the topic of several other reports. Zacks Research upgraded Vipshop from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Nomura upgraded Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Friday, February 27th. Wall Street Zen lowered Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vipshop in a research report on Friday, March 27th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Vipshop in a research note on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Vipshop presently has an average rating of “Moderate Buy” and a consensus target price of $20.48.

Vipshop Stock Down 4.4%

Shares of NYSE VIPS opened at $15.04 on Tuesday. The company’s 50-day simple moving average is $16.75 and its 200-day simple moving average is $18.17. Vipshop has a 52-week low of $12.14 and a 52-week high of $21.08. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 1.29 and a beta of 0.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VIPS. Caitong International Asset Management Co. Ltd increased its holdings in shares of Vipshop by 8,472.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,118 shares during the last quarter. Sankala Group LLC purchased a new position in Vipshop during the fourth quarter worth approximately $839,000. DGS Capital Management LLC boosted its stake in Vipshop by 10.1% during the fourth quarter. DGS Capital Management LLC now owns 58,518 shares of the technology company’s stock worth $1,035,000 after buying an additional 5,370 shares during the last quarter. Virtu Financial LLC acquired a new position in Vipshop during the fourth quarter worth $482,000. Finally, Kovitz Investment Group Partners LLC grew its holdings in Vipshop by 5.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 79,065 shares of the technology company’s stock valued at $1,399,000 after buying an additional 3,730 shares in the last quarter. 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.