Vipshop Holdings Limited (NYSE:VIPS) Receives Average Recommendation of "Hold" from Brokerages

Shares of Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) have been assigned a consensus rating of "Hold" from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $15.58.

Several research analysts have weighed in on VIPS shares. Wall Street Zen lowered shares of Vipshop from a "buy" rating to a "hold" rating in a research report on Thursday, May 29th. Barclays lowered their target price on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. JPMorgan Chase & Co. decreased 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, Citigroup downgraded Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company. in a research report on Tuesday, April 1st.

Hedge Funds Weigh In On Vipshop

Several large investors have recently added to or reduced their stakes in VIPS. Wayfinding Financial LLC purchased a new position in Vipshop during the first quarter worth about $35,000. Farther Finance Advisors LLC lifted its position in Vipshop by 209.2% during the second quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company's stock worth $38,000 after buying an additional 1,726 shares during the period. Brooklyn Investment Group lifted its position in Vipshop by 1,695.2% during the first 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 period. Atlas Capital Advisors Inc. lifted its position in Vipshop by 41.5% during the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock worth $56,000 after buying an additional 1,046 shares during the period. Finally, Sound Income Strategies LLC purchased a new position in Vipshop during the first quarter worth about $62,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Trading Up 1.1%

Shares of Vipshop stock traded up $0.16 during trading hours on Friday, hitting $15.17. 3,895,051 shares of the company were exchanged, compared to its average volume of 3,618,261. Vipshop has a 1 year low of $11.50 and a 1 year high of $17.94. The business has a 50-day moving average of $14.67 and a 200-day moving average of $14.54. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of 7.94, a P/E/G ratio of 2.54 and a beta of 0.58.

About Vipshop

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.