Citigroup Increases Vipshop (NYSE:VIPS) Price Target to $19.00

Key Points

• Citigroup has raised its price target for Vipshop (NYSE:VIPS) from $17.00 to $19.00, suggesting a potential upside of 12.88% from its previous close while maintaining a "neutral" rating on the stock.
• JPMorgan Chase & Co. and Barclays have adjusted their price targets downwards for Vipshop, with JPMorgan decreasing its target from $20.00 to $18.00 and Barclays from $20.00 to $19.00.
• Institutional investors have been active in Vipshop, with Acadian Asset Management boosting its holdings by 17.4%, now owning over 16.7 million shares worth approximately $262.8 million.

Vipshop (NYSE:VIPS - Get Free Report) had its target price hoisted by analysts at Citigroup from $17.00 to $19.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "neutral" rating on the technology company's stock. Citigroup's price target would suggest a potential upside of 12.88% from the stock's previous close.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Bank of America cut their price objective on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a report on Friday, July 18th. Finally, Barclays cut their price objective on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $15.97.

Vipshop Stock Performance

Shares of VIPS traded down $0.50 during mid-day trading on Friday, hitting $16.83. 720,549 shares of the company were exchanged, compared to its average volume of 3,522,283. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 1.83 and a beta of 0.54. Vipshop has a 1-year low of $11.50 and a 1-year high of $17.94. The company has a 50 day moving average of $15.28 and a 200-day moving average of $14.91.

Hedge Funds Weigh In On Vipshop

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC boosted its holdings in Vipshop by 17.4% during the first quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company's stock worth $262,757,000 after buying an additional 2,483,294 shares in the last quarter. Krane Funds Advisors LLC boosted its holdings in Vipshop by 7.8% during the first quarter. Krane Funds Advisors LLC now owns 15,839,097 shares of the technology company's stock worth $248,357,000 after buying an additional 1,148,307 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Vipshop by 13.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock worth $197,010,000 after buying an additional 1,456,862 shares in the last quarter. Invesco Ltd. boosted its holdings in Vipshop by 9.3% during the second quarter. Invesco Ltd. now owns 8,930,629 shares of the technology company's stock worth $134,406,000 after buying an additional 760,377 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Vipshop by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 8,330,548 shares of the technology company's stock worth $130,731,000 after buying an additional 267,398 shares in the last quarter. Hedge funds and other 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.

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