Vipshop Holdings Limited (NYSE:VIPS) Receives Average Recommendation of “Hold” from Brokerages

Vipshop Holdings Limited (NYSE:VIPS) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $17.50.

Several analysts have recently commented on VIPS shares. CLSA downgraded shares of Vipshop from an “outperform” rating to a “hold” rating and dropped their price objective for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Barclays started coverage on Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target for the company.

Vipshop Stock Up 3.2 %

Shares of NYSE VIPS opened at $13.56 on Thursday. Vipshop has a 52 week low of $11.50 and a 52 week high of $20.19. The business’s 50 day moving average price is $14.68 and its 200 day moving average price is $14.34. The firm has a market cap of $7.35 billion, a P/E ratio of 6.49, a P/E/G ratio of 1.55 and a beta of 0.34.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. First Beijing Investment Ltd acquired a new stake in Vipshop in the 3rd quarter valued at $120,182,000. Krane Funds Advisors LLC lifted its holdings in Vipshop by 20.3% during the second quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock valued at $204,901,000 after purchasing an additional 2,659,117 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 valued at $62,670,000 after purchasing an additional 2,558,896 shares during the period. Hsbc Holdings PLC increased its stake in shares of Vipshop by 155.0% during the second quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock worth $45,347,000 after purchasing an additional 2,117,902 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Vipshop during the 1st quarter worth about $19,185,000. 48.82% of the stock is owned by institutional investors and hedge funds.

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.