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

Vipshop Holdings Limited (NYSE:VIPS) has been given an average rating of “Moderate Buy” by the ten research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $20.20.

A number of analysts have weighed in on VIPS shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Vipshop in a research report on Thursday, February 26th. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. UBS Group set a $18.50 price objective on Vipshop and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st.

Vipshop Stock Down 3.2%

NYSE:VIPS opened at $12.97 on Friday. The stock’s 50 day moving average price is $14.20 and its 200 day moving average price is $16.20. The company has a market capitalization of $6.21 billion, a PE ratio of 6.09, a P/E/G ratio of 1.35 and a beta of 0.64. Vipshop has a 52-week low of $12.85 and a 52-week high of $21.08.

Institutional Trading of Vipshop

Hedge funds have recently added to or reduced their stakes in the stock. Arax Advisory Partners lifted its position in Vipshop by 96.8% during the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock worth $25,000 after acquiring an additional 692 shares during the period. Richardson Financial Services Inc. lifted its holdings in shares of Vipshop by 153.8% in the 4th quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock valued at $36,000 after buying an additional 1,250 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Vipshop by 8,472.0% in the 4th 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. purchased a new stake in shares of Vipshop in the fourth quarter valued at approximately $58,000. Finally, EverSource Wealth Advisors LLC grew 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 acquiring an additional 1,864 shares during the period. 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.