JPMorgan Chase & Co. Cuts Vipshop (NYSE:VIPS) Price Target to $21.00

Key Points

• JPMorgan lowered its price target on Vipshop from $22.00 to $21.00 while maintaining an overweight rating, with the new target implying about a 35.18% upside from the current price.
• Shares traded down ~2.9% to $15.54 (market cap ~$7.96B) with a P/E of 7.8; analysts have a consensus rating of Moderate Buy and an average target of $20.48, while the 12‑month range is $12.14–$21.08.

Vipshop (NYSE:VIPS - Get Free Report) had its target price decreased by JPMorgan Chase & Co. from $22.00 to $21.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 35.18% from the company's current price.

Several other equities analysts have also recently weighed in on VIPS. Jefferies Financial Group restated a "buy" rating on shares of Vipshop in a research note on Thursday, February 26th. Zacks Research upgraded shares of Vipshop from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of Vipshop in a report on Friday. Nomura raised shares of Vipshop from a "neutral" rating to a "buy" rating and set a $22.00 price target on the stock in a research report on Friday, February 27th. Finally, Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a report on Sunday, January 4th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $20.48.

Vipshop Trading Down 2.9%

Shares of NYSE:VIPS traded down $0.47 during mid-day trading on Tuesday, hitting $15.54. 1,674,899 shares of the company traded hands, compared to its average volume of 2,138,157. The stock has a market cap of $7.96 billion, a P/E ratio of 7.80, a P/E/G ratio of 1.32 and a beta of 0.66. Vipshop has a 12-month low of $12.14 and a 12-month high of $21.08. The stock has a 50-day moving average price of $16.82 and a two-hundred day moving average price of $18.21.

Institutional Trading of Vipshop

A number of large investors have recently added to or reduced their stakes in VIPS. Arax Advisory Partners lifted its stake in shares of Vipshop by 96.8% during the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company's stock valued at $25,000 after buying an additional 692 shares in the last quarter. Richardson Financial Services Inc. grew its stake in Vipshop by 153.8% in the 4th quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company's stock valued at $36,000 after buying an additional 1,250 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Vipshop by 8,472.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company's stock valued at $38,000 after acquiring an additional 2,118 shares during the period. Global Retirement Partners LLC raised its holdings in Vipshop by 575.5% during the 3rd quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company's stock valued at $57,000 after acquiring an additional 2,492 shares during the period. Finally, Cooper Investors PTY Ltd. purchased a new stake in shares of Vipshop during the fourth quarter worth $58,000. Hedge funds and other institutional investors own 48.82% of the company's stock.

About Vipshop

Vipshop Holdings Limited NYSE: VIPS is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.

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