Vipshop (NYSE:VIPS) Downgraded to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Vipshop from “Buy” to “Hold,” adding to mixed analyst sentiment. MarketBeat reports a “Moderate Buy” consensus rating and an average price target of $21.02.
• Vipshop shares opened at $14.51, with a market capitalization of approximately $6.95 billion. The stock has traded between $12.65 and $21.08 over the past year.
• Institutional investors and hedge funds own approximately 48.82% of Vipshop, with several firms increasing their positions in recent quarters.

Vipshop (NYSE:VIPS - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Monday.

A number of other research firms have also recently commented on VIPS. UBS Group set a $18.50 price target on Vipshop and gave the company a "buy" rating in a research note on Friday, May 22nd. Bank of America restated an "underperform" rating on shares of Vipshop in a research note on Friday, May 29th. Weiss Ratings downgraded shares of Vipshop from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, May 26th. Finally, Benchmark reaffirmed a "hold" rating on shares of Vipshop in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.02.

Vipshop Price Performance

Vipshop stock opened at $14.51 on Monday. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 6.81, a PEG ratio of 1.47 and a beta of 0.67. Vipshop has a 1-year low of $12.65 and a 1-year high of $21.08. The business has a fifty day moving average price of $14.20 and a 200-day moving average price of $15.02.

Hedge Funds Weigh In On Vipshop

A number of large investors have recently bought and sold shares of the business. Arax Advisory Partners grew its holdings in Vipshop by 96.8% in the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company's stock valued at $25,000 after purchasing an additional 692 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Vipshop by 8,472.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company's stock valued at $38,000 after buying an additional 2,118 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Vipshop by 100.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company's stock worth $58,000 after buying an additional 1,864 shares during the period. State of Wyoming raised its stake in shares of Vipshop by 10,007.7% during the 1st quarter. State of Wyoming now owns 6,570 shares of the technology company's stock worth $103,000 after buying an additional 6,505 shares during the period. Finally, Global Retirement Partners LLC lifted its position in shares of Vipshop by 104.3% during the 4th quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company's stock valued at $106,000 after buying an additional 3,050 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.

About Vipshop

Vipshop Holdings Limited NYSE: VIPS is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.

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