Vipshop (NYSE:VIPS) Stock Rating Upgraded by Wall Street Zen

Vipshop (NYSE:VIPS) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

VIPS has been the topic of several other research reports. Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Bank of America reiterated an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. UBS Group set a $18.50 price target on shares of Vipshop and gave the company a “buy” rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. cut their price target on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Vipshop presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.20.

Vipshop Price Performance

Shares of Vipshop stock opened at $13.27 on Friday. Vipshop has a one year low of $12.65 and a one year high of $21.08. The business’s 50 day simple moving average is $13.98 and its two-hundred day simple moving average is $15.94. The stock has a market capitalization of $6.35 billion, a P/E ratio of 6.23, a price-to-earnings-growth ratio of 1.33 and a beta of 0.67.

Institutional Investors Weigh In On Vipshop

Large investors have recently made changes to their positions in the business. FIL Ltd increased its stake in shares of Vipshop by 2.6% during the fourth quarter. FIL Ltd now owns 18,891,105 shares of the technology company’s stock valued at $334,184,000 after buying an additional 483,842 shares during the period. Invesco Ltd. lifted its stake in Vipshop by 0.9% in the fourth quarter. Invesco Ltd. now owns 16,864,626 shares of the technology company’s stock worth $298,335,000 after acquiring an additional 148,970 shares during the period. Orbis Allan Gray Ltd lifted its stake in Vipshop by 12.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock worth $191,316,000 after acquiring an additional 1,227,325 shares during the period. Vanguard Group Inc. boosted its holdings in Vipshop by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock valued at $179,518,000 after acquiring an additional 149,758 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Vipshop by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,616,834 shares of the technology company’s stock valued at $152,493,000 after acquiring an additional 149,268 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors.

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.