Vipshop (NYSE:VIPS) Given “Hold” Rating at Benchmark

Benchmark reissued their hold rating on shares of Vipshop (NYSE:VIPS) in a research note released on Wednesday morning,Benzinga reports.

A number of other equities analysts also recently commented on the company. CLSA downgraded Vipshop from an “outperform” rating to a “hold” rating and decreased their target price for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. Barclays assumed coverage on Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target on the stock. UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $20.00 to $12.50 in a research note on Wednesday, August 21st. Morgan Stanley cut their target price on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. Finally, Citigroup boosted their price target on shares of Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a report on Friday, September 27th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.50.

Vipshop Price Performance

VIPS stock opened at $13.24 on Wednesday. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 1.51 and a beta of 0.34. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19. The firm has a fifty day moving average price of $14.66 and a two-hundred day moving average price of $14.39.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Vipshop by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,256,744 shares of the technology company’s stock valued at $50,937,000 after acquiring an additional 176,037 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Vipshop during the third quarter valued at approximately $14,938,000. National Bank of Canada FI lifted its stake in Vipshop by 3,647.0% during the third quarter. National Bank of Canada FI now owns 389,799 shares of the technology company’s stock valued at $6,132,000 after purchasing an additional 379,396 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Vipshop by 16.9% during the third quarter. Quantinno Capital Management LP now owns 15,811 shares of the technology company’s stock worth $249,000 after buying an additional 2,284 shares in the last quarter. Finally, Polymer Capital Management HK LTD acquired a new position in Vipshop in the third quarter worth approximately $175,000. Institutional investors own 48.82% of the company’s stock.

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.