Vipshop (NYSE:VIPS) Cut to Hold at Wall Street Zen

Vipshop (NYSE:VIPS - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Thursday.

VIPS has been the topic of several other reports. Barclays decreased their target price on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research report on Thursday, May 22nd. Citigroup downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company. in a report on Tuesday, April 1st. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $15.10.

Vipshop Price Performance

Shares of Vipshop stock traded up $0.41 during trading on Thursday, hitting $14.20. 3,121,003 shares of the company's stock traded hands, compared to its average volume of 3,804,865. The firm's fifty day moving average price is $13.95 and its 200 day moving average price is $14.30. Vipshop has a twelve month low of $11.50 and a twelve month high of $17.94. The company has a market cap of $7.29 billion, a PE ratio of 6.79, a PEG ratio of 1.52 and a beta of 0.60.

Hedge Funds Weigh In On Vipshop

Several institutional investors have recently added to or reduced their stakes in VIPS. Norges Bank bought a new position in Vipshop during the 4th quarter valued at about $64,115,000. Polaris Capital Management LLC bought a new position in shares of Vipshop in the fourth quarter worth about $63,095,000. Acadian Asset Management LLC raised its stake in shares of Vipshop by 17.4% in the first quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company's stock worth $262,757,000 after acquiring an additional 2,483,294 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Vipshop by 3,533.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,020,863 shares of the technology company's stock worth $310,000 after acquiring an additional 1,965,244 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in shares of Vipshop in the first quarter worth about $27,051,000. 48.82% of the stock is owned by institutional investors.

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.