Analysts Set Vipshop Holdings Limited (NYSE:VIPS) Target Price at $17.50

Shares of Vipshop Holdings Limited (NYSE:VIPS) have earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $17.50.

A number of brokerages recently weighed in on VIPS. Citigroup reduced their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Barclays started coverage on shares of Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target on the stock.

Institutional Investors Weigh In On Vipshop

A number of hedge funds have recently bought and sold shares of the business. Lingohr Asset Management GmbH acquired a new stake in Vipshop in the third quarter valued at $921,000. The Manufacturers Life Insurance Company lifted its position in shares of Vipshop by 76.6% during the second quarter. The Manufacturers Life Insurance Company now owns 73,369 shares of the technology company’s stock worth $955,000 after purchasing an additional 31,816 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Vipshop by 179.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock worth $62,670,000 after purchasing an additional 2,558,896 shares in the last quarter. FMR LLC increased its holdings in Vipshop by 8.5% in the third quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock valued at $32,579,000 after buying an additional 162,027 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in Vipshop by 30.0% during the second quarter. Canada Pension Plan Investment Board now owns 3,379,114 shares of the technology company’s stock valued at $43,996,000 after buying an additional 780,443 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Performance

VIPS opened at $13.63 on Monday. Vipshop has a 1 year low of $11.50 and a 1 year high of $20.19. The company’s 50 day simple moving average is $13.87 and its 200 day simple moving average is $13.96. The stock has a market capitalization of $7.00 billion, a PE ratio of 6.52, a P/E/G ratio of 1.56 and a beta of 0.31.

About Vipshop

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.