Vipshop (NYSE:VIPS - Free Report) had its price target decreased by JPMorgan Chase & Co. from $20.00 to $18.00 in a report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the technology company's stock.
VIPS has been the topic of a number of other research reports. Wall Street Zen downgraded Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Citigroup downgraded Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective for the company. in a report on Tuesday, April 1st. Finally, Barclays lowered their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.58.
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Vipshop Stock Performance
Shares of NYSE VIPS traded down $0.08 during midday trading on Monday, hitting $14.99. 991,947 shares of the company traded hands, compared to its average volume of 3,641,061. Vipshop has a 12-month low of $11.50 and a 12-month high of $17.94. The firm has a market cap of $7.69 billion, a P/E ratio of 7.85, a P/E/G ratio of 2.54 and a beta of 0.58. The stock has a 50-day moving average price of $14.49 and a 200 day moving average price of $14.48.
Institutional Trading of Vipshop
Institutional investors have recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new position in shares of Vipshop in the first quarter worth $35,000. Brooklyn Investment Group raised its position in Vipshop by 1,695.2% in the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock worth $41,000 after buying an additional 2,475 shares during the last quarter. Atlas Capital Advisors Inc. lifted its stake in Vipshop by 41.5% during the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock valued at $56,000 after acquiring an additional 1,046 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Vipshop during the 1st quarter valued at about $62,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Vipshop in the first quarter worth approximately $86,000. 48.82% of the stock is owned by hedge funds and other institutional investors.
Vipshop Company Profile
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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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