JPMorgan Chase & Co. Cuts Vipshop (NYSE:VIPS) Price Target to $18.00

Vipshop (NYSE:VIPS - Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $20.00 to $18.00 in a report published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the technology company's stock.

A number of other research firms have also weighed in on VIPS. Barclays dropped their price target on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Wall Street Zen downgraded Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Finally, Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a research note on Tuesday, April 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $15.58.

Vipshop Stock Up 0.4%

VIPS stock traded up $0.06 during midday trading on Monday, reaching $15.11. 928,726 shares of the company's stock traded hands, compared to its average volume of 3,641,912. The firm's fifty day moving average price is $14.40 and its 200-day moving average price is $14.47. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 7.92, a P/E/G ratio of 2.58 and a beta of 0.57. Vipshop has a 52 week low of $11.50 and a 52 week high of $17.94.

Institutional Trading of Vipshop

Institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC raised its position in shares of Vipshop by 17.4% during the 1st quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company's stock valued at $262,757,000 after buying an additional 2,483,294 shares in the last quarter. Krane Funds Advisors LLC increased its position in shares of Vipshop by 7.8% during the 1st quarter. Krane Funds Advisors LLC now owns 15,839,097 shares of the technology company's stock valued at $248,357,000 after purchasing an additional 1,148,307 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Vipshop by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock valued at $188,060,000 after buying an additional 79,254 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Vipshop by 13.1% in the 1st 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 during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Vipshop by 3.3% in 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. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

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.