Analysts Set Vipshop Holdings Limited (NYSE:VIPS) Price Target at $15.58

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

A number of equities analysts have recently weighed in on VIPS shares. Barclays dropped their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research note on Thursday, May 22nd. Citigroup lowered Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price objective for the company. in a research note on Tuesday, April 1st. JPMorgan Chase & Co. dropped their price objective on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Finally, Wall Street Zen lowered 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 hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in Vipshop during the first quarter valued at approximately $35,000. Farther Finance Advisors LLC raised 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 valued at $38,000 after purchasing an additional 1,726 shares during the period. Brooklyn Investment Group raised 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 valued at $41,000 after purchasing an additional 2,475 shares during the period. Atlas Capital Advisors Inc. raised 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 valued at $56,000 after purchasing an additional 1,046 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in Vipshop during the first quarter valued at approximately $62,000. 48.82% of the stock is owned by institutional investors.

Vipshop Price Performance

Shares of NYSE VIPS traded down $0.07 during mid-day trading on Friday, reaching $15.14. The company's stock had a trading volume of 1,992,023 shares, compared to its average volume of 3,614,112. The firm has a market capitalization of $7.76 billion, a PE ratio of 7.92, a P/E/G ratio of 2.56 and a beta of 0.58. The stock has a fifty day moving average of $14.69 and a two-hundred day moving average of $14.56. 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.