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

Vipshop Holdings Limited (NYSE:VIPS) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $20.20.

Several analysts have recently commented on VIPS shares. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a report on Friday, February 27th. Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. Bank of America reiterated an “underperform” rating on shares of Vipshop in a research note on Friday. Finally, UBS Group set a $18.50 target price on shares of Vipshop and gave the stock a “buy” rating in a research report on Friday, May 22nd.

Vipshop Trading Down 0.5%

Shares of NYSE:VIPS opened at $14.16 on Monday. The stock has a market cap of $6.78 billion, a PE ratio of 6.65, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65. The stock’s fifty day simple moving average is $14.86 and its two-hundred day simple moving average is $16.98. Vipshop has a 1-year low of $13.35 and a 1-year high of $21.08.

Institutional Investors Weigh In On Vipshop

Hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its holdings in Vipshop by 100.4% during the first quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock worth $58,000 after buying an additional 1,864 shares during the last quarter. Quantinno Capital Management LP boosted its stake in Vipshop by 26.5% in the first quarter. Quantinno Capital Management LP now owns 129,921 shares of the technology company’s stock valued at $2,042,000 after acquiring an additional 27,229 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Vipshop by 0.9% during the 1st quarter. Lazard Asset Management LLC now owns 970,371 shares of the technology company’s stock valued at $15,254,000 after acquiring an additional 8,470 shares during the period. State of Wyoming grew its position in shares of Vipshop by 10,007.7% during the 1st quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock valued at $103,000 after acquiring an additional 6,505 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Vipshop by 48.3% during the 1st quarter. First Trust Advisors LP now owns 27,963 shares of the technology company’s stock worth $440,000 after purchasing an additional 9,106 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors.

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.