Vipshop Holdings Limited (NYSE:VIPS) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Vipshop Holdings Limited (NYSE:VIPS) has been given an average consensus rating of "Hold" from seven research firms, with four analysts recommending a hold and three recommending a buy.
• The average one-year price target for Vipshop among analysts is $18.33, with recent adjustments including Bank of America's decrease from $17.80 to $17.30.
• Institutional investors currently own 48.82% of Vipshop's stock, with significant increases in positions from several hedge funds reported in the third quarter.

Shares of Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) have received an average rating of "Hold" from the seven research firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.3250.

Several equities analysts recently issued reports on VIPS shares. Bank of America decreased their target price on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research note on Friday, July 18th. Weiss Ratings reissued a "hold (c)" rating on shares of Vipshop in a research note on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price on Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, June 30th. Zacks Research lowered Vipshop from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. Finally, Citigroup increased their target price on Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th.

Vipshop Trading Down 0.3%

NYSE VIPS opened at $18.75 on Friday. The stock has a market cap of $9.61 billion, a PE ratio of 10.19, a P/E/G ratio of 2.11 and a beta of 0.71. Vipshop has a twelve month low of $12.14 and a twelve month high of $21.08. The stock has a fifty day simple moving average of $18.06 and a 200-day simple moving average of $15.72.

Institutional Investors Weigh In On Vipshop

A number of hedge funds have recently bought and sold shares of the stock. Ethic Inc. raised its position in Vipshop by 10.0% in the 3rd quarter. Ethic Inc. now owns 31,501 shares of the technology company's stock valued at $619,000 after purchasing an additional 2,851 shares in the last quarter. Swedbank AB raised its position in Vipshop by 4.9% in the 3rd quarter. Swedbank AB now owns 156,723 shares of the technology company's stock valued at $3,078,000 after purchasing an additional 7,320 shares in the last quarter. IFM Investors Pty Ltd raised its position in Vipshop by 123.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 36,591 shares of the technology company's stock valued at $674,000 after purchasing an additional 20,221 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Vipshop by 0.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 121,975 shares of the technology company's stock valued at $2,396,000 after purchasing an additional 693 shares in the last quarter. Finally, Lester Murray Antman dba SimplyRich raised its position in Vipshop by 0.5% in the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 146,753 shares of the technology company's stock valued at $2,882,000 after purchasing an additional 685 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.

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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