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

Vipshop Holdings Limited (NYSE:VIPS) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $17.50.

Several research firms have recently weighed in on VIPS. Citigroup reduced their price target on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Benchmark restated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Barclays started coverage on shares of Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price for the company. Finally, StockNews.com cut shares of Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

Hedge Funds Weigh In On Vipshop

Several institutional investors and hedge funds have recently modified their holdings of VIPS. Venturi Wealth Management LLC acquired a new stake in Vipshop during the third quarter worth about $56,000. Employees Retirement System of Texas boosted its stake in shares of Vipshop by 143.2% in the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,717 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Vipshop by 140.6% in the 3rd quarter. Blue Trust Inc. now owns 8,485 shares of the technology company’s stock valued at $133,000 after purchasing an additional 4,958 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Vipshop by 10.8% in the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after purchasing an additional 1,191 shares in the last quarter. Finally, Polymer Capital Management HK LTD acquired a new stake in shares of Vipshop in the 3rd quarter valued at approximately $175,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Trading Up 2.1 %

Shares of NYSE VIPS opened at $13.45 on Friday. The company has a market cap of $6.90 billion, a PE ratio of 6.44, a P/E/G ratio of 1.36 and a beta of 0.31. The company has a 50-day moving average of $13.48 and a two-hundred day moving average of $13.80. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19.

Vipshop Company Profile

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.