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

Vipshop Holdings Limited (NYSE:VIPS) has received an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. One 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 assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $20.6833.

A number of analysts have recently issued reports on the stock. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. Wall Street Zen lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. JPMorgan Chase & Co. lowered 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. Bank of America restated an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Finally, Weiss Ratings cut Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th.

Vipshop Price Performance

VIPS stock opened at $14.59 on Tuesday. Vipshop has a one year low of $12.65 and a one year high of $21.08. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 1.46 and a beta of 0.67. The company has a fifty day moving average price of $13.90 and a two-hundred day moving average price of $15.51.

Institutional Trading of Vipshop

Hedge funds have recently added to or reduced their stakes in the company. Arax Advisory Partners boosted its stake in Vipshop by 96.8% in the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after purchasing an additional 692 shares during the period. Richardson Financial Services Inc. raised its stake in Vipshop by 153.8% in the 4th quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,250 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake 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 buying an additional 2,118 shares during the period. Cooper Investors PTY Ltd. bought a new position in shares of Vipshop in the fourth quarter worth $58,000. Finally, EverSource Wealth Advisors LLC raised its stake in Vipshop by 100.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock valued at $58,000 after purchasing an additional 1,864 shares in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

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.