Vipshop Holdings Limited (NYSE:VIPS) Receives $15.83 Average Target Price from Analysts

Key Points

• Analysts have given Vipshop Holdings Limited an average rating of "Hold," with five hold recommendations and three buy ratings from the eight firms covering the stock.
• The current average price target for Vipshop among brokerages is $15.83, with recent adjustments indicating a slight downward trend from prior targets.
• Institutional investors own approximately 48.82% of Vipshop's shares, with several firms significantly increasing their stakes in recent quarters.

Shares of Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) have earned a consensus recommendation of "Hold" from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $15.8286.

Several brokerages have recently issued reports on VIPS. Bank of America lowered their target price 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. Barclays lowered their target price on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, June 30th. Finally, Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th.

Hedge Funds Weigh In On Vipshop

A number of institutional investors and hedge funds have recently made changes to their positions in VIPS. Wayfinding Financial LLC purchased a new stake in Vipshop during the first quarter worth about $35,000. Farther Finance Advisors LLC lifted its position in shares of Vipshop by 209.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company's stock valued at $38,000 after acquiring an additional 1,726 shares during the period. Brooklyn Investment Group lifted its position in shares of Vipshop by 1,695.2% during the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock valued at $41,000 after acquiring an additional 2,475 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Vipshop by 1,187.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company's stock worth $49,000 after acquiring an additional 3,027 shares in the last quarter. Finally, Huntington National Bank grew its holdings in shares of Vipshop by 53.8% in the 2nd quarter. Huntington National Bank now owns 3,323 shares of the technology company's stock worth $50,000 after acquiring an additional 1,163 shares during the period. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Trading Up 0.2%

VIPS stock traded up $0.03 during trading on Tuesday, hitting $15.15. 962,250 shares of the company's stock were exchanged, compared to its average volume of 3,532,489. The business has a 50-day moving average price of $15.10 and a two-hundred day moving average price of $14.85. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 1.70 and a beta of 0.54. Vipshop has a 52-week low of $11.50 and a 52-week high of $17.94.

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.