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

Key Points

• Wall Street Zen downgraded Vipshop from “Buy” to “Hold.” Despite mixed analyst views, MarketBeat reports a consensus “Moderate Buy” rating and a $20.68 price target.
• Vipshop shares opened at $15.65, with a 52-week range of $12.65 to $21.08 and a market capitalization of approximately $7.49 billion.
• Institutional investors and hedge funds own 48.82% of Vipshop, with several firms increasing their positions during the fourth quarter and first quarter.

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

Other research analysts have also recently issued research reports about the company. UBS Group set a $18.50 price target on Vipshop and gave the company a "buy" rating in a research report on Friday, May 22nd. Benchmark reiterated a "hold" rating on shares of Vipshop in a research report on Friday, May 22nd. Bank of America reissued an "underperform" rating on shares of Vipshop in a research note on Friday, May 29th. Finally, Weiss Ratings downgraded shares of Vipshop from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $20.68.

Vipshop Price Performance

VIPS opened at $15.65 on Friday. Vipshop has a 1-year low of $12.65 and a 1-year high of $21.08. The stock has a market cap of $7.49 billion, a P/E ratio of 7.35, a P/E/G ratio of 1.55 and a beta of 0.67. The stock's 50 day simple moving average is $14.10 and its 200 day simple moving average is $15.24.

Hedge Funds Weigh In On Vipshop

A number of institutional investors have recently made changes to their positions in the stock. Arax Advisory Partners boosted its stake in shares of Vipshop by 96.8% during the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company's stock valued at $25,000 after acquiring an additional 692 shares during the last quarter. Richardson Financial Services Inc. raised its stake in Vipshop by 153.8% in the 4th quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company's stock valued at $36,000 after purchasing an additional 1,250 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Vipshop by 8,472.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company's stock valued at $38,000 after purchasing an additional 2,118 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Vipshop by 100.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company's stock valued at $58,000 after purchasing an additional 1,864 shares in the last quarter. Finally, State of Wyoming boosted 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 purchasing an additional 6,505 shares during the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Company Profile

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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