Vipshop (NYSE:VIPS) Reaches New 1-Year High - Still a Buy?

Key Points

• Vipshop Holdings Limited's stock reached a new 52-week high at $17.99 during trading, with a recent closing price of $17.94 and a trading volume of over 2 million shares.
• Analysts have mixed opinions on Vipshop, with Zacks Research downgrading the stock from "strong-buy" to "hold" while Citigroup raised its price target from $17.00 to $19.00, indicating a neutral rating.
• The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 9.75, and institutional investors own approximately 48.82% of the company's stock.

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.99 and last traded at $17.94, with a volume of 2079141 shares trading hands. The stock had previously closed at $17.68.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Zacks Research cut shares of Vipshop from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Bank of America dropped their target price on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a report on Friday, July 18th. Citigroup increased their target price on shares of Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. Barclays dropped their target price on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a report on Thursday, May 22nd. Finally, Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $18.33.

Vipshop Stock Performance

The stock's fifty day moving average is $16.02 and its two-hundred day moving average is $15.18. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 1.96 and a beta of 0.70.

Hedge Funds Weigh In On Vipshop

A number of institutional investors and hedge funds have recently bought and sold shares of VIPS. Wayfinding Financial LLC bought a new position in Vipshop in the 1st quarter valued at about $35,000. Farther Finance Advisors LLC grew its position in Vipshop by 209.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company's stock valued at $38,000 after buying an additional 1,726 shares in the last quarter. Brooklyn Investment Group grew its position in Vipshop by 1,695.2% in the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock valued at $41,000 after buying an additional 2,475 shares in the last quarter. Hantz Financial Services Inc. grew its position in Vipshop by 1,187.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company's stock valued at $49,000 after buying an additional 3,027 shares in the last quarter. Finally, Huntington National Bank grew its position in Vipshop by 53.8% in the 2nd quarter. Huntington National Bank now owns 3,323 shares of the technology company's stock valued at $50,000 after buying an additional 1,163 shares in the last quarter. Institutional investors 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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