Vipshop Holdings Limited (NYSE:VIPS) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Vipshop Holdings Limited (NYSE: VIPS) has received an average broker recommendation of "Moderate Buy", with three hold ratings and three buy ratings among the six research firms covering the stock.
• The average 12-month target price for Vipshop shares is $18.3250, although several analysts have recently adjusted their price targets downward.
• Institutional investors hold 48.82% of Vipshop's stock, with notable increases in holdings from various hedge funds during the latest quarter.

Shares of Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six research firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $18.3250.

Several equities research analysts recently weighed in on VIPS shares. Bank of America dropped their target price on 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 price target on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lowered their price target on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Citigroup upped their price target on Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Friday, August 15th. Finally, Zacks Research lowered Vipshop from a "strong-buy" rating to a "hold" rating in a research report on Wednesday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC raised its position in Vipshop by 46.7% during the 2nd quarter. Squarepoint Ops LLC now owns 63,139 shares of the technology company's stock valued at $950,000 after purchasing an additional 20,088 shares during the last quarter. Public Sector Pension Investment Board raised its position in Vipshop by 1.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 125,249 shares of the technology company's stock valued at $1,885,000 after purchasing an additional 1,300 shares during the last quarter. Headlands Technologies LLC bought a new position in Vipshop during the 2nd quarter valued at approximately $623,000. Corient Private Wealth LLC bought a new position in shares of Vipshop in the 2nd quarter worth approximately $199,000. Finally, Tidal Investments LLC raised its position in shares of Vipshop by 18.1% in the 2nd quarter. Tidal Investments LLC now owns 49,326 shares of the technology company's stock worth $742,000 after acquiring an additional 7,577 shares in the last quarter. Institutional investors own 48.82% of the company's stock.

Vipshop Price Performance

Shares of VIPS stock opened at $16.77 on Friday. The stock has a market capitalization of $8.60 billion, a PE ratio of 9.11, a P/E/G ratio of 1.88 and a beta of 0.54. Vipshop has a 1-year low of $12.14 and a 1-year high of $17.94. The business has a 50-day moving average of $15.72 and a 200 day moving average of $15.07.

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.

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