Vipshop (NYSE:VIPS) Rating Increased to Buy at Wall Street Zen

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

Other equities analysts also recently issued reports about the stock. Benchmark restated a “hold” rating on shares of Vipshop in a 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 for the company in a research note on Tuesday, March 31st. UBS Group set a $18.50 price objective on shares of Vipshop and gave the company a “buy” rating in a research report on Friday, May 22nd. Bank of America restated an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. Finally, Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.68.

Vipshop Trading Down 1.3%

NYSE VIPS opened at $14.22 on Friday. The company has a market cap of $6.81 billion, a PE ratio of 6.68, a PEG ratio of 1.45 and a beta of 0.67. Vipshop has a 12 month low of $12.65 and a 12 month high of $21.08. The stock has a 50 day moving average of $13.91 and a 200-day moving average of $15.43.

Institutional Investors Weigh In On Vipshop

Large investors have recently added to or reduced their stakes in the business. Ramsey Quantitative Systems bought a new position in Vipshop during the second quarter worth $117,000. Handelsbanken Fonder AB lifted its stake in shares of Vipshop by 16.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 322,995 shares of the technology company’s stock worth $4,283,000 after buying an additional 46,150 shares during the last quarter. Carmignac Gestion lifted its stake in shares of Vipshop by 7.7% during the 1st quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company’s stock worth $70,510,000 after buying an additional 319,375 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Vipshop by 100.4% during the 1st 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 period. Finally, Quantinno Capital Management LP grew its stake in Vipshop by 26.5% in the 1st quarter. Quantinno Capital Management LP now owns 129,921 shares of the technology company’s stock valued at $2,042,000 after buying an additional 27,229 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

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.