Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company 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
VIPS has been the topic of a number of analyst reports. Bank of America cut 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. Barclays dropped their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating on the stock in a research note on Thursday, May 22nd. Wall Street Zen raised Vipshop from a "hold" rating to a "buy" rating in a research note on Saturday. Citigroup increased their price objective on Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th. Finally, Zacks Research cut Vipshop from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.33.
Get Our Latest Research Report on Vipshop
Vipshop Price Performance
The company has a market cap of $9.33 billion, a P/E ratio of 9.89, a PEG ratio of 2.04 and a beta of 0.70. The firm has a 50 day moving average of $16.27 and a 200-day moving average of $15.25.
Institutional Trading of Vipshop
A number of hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC lifted its holdings in Vipshop by 46.7% during the second quarter. Squarepoint Ops LLC now owns 63,139 shares of the technology company's stock worth $950,000 after buying an additional 20,088 shares during the period. Public Sector Pension Investment Board lifted its holdings in Vipshop by 1.0% during the second quarter. Public Sector Pension Investment Board now owns 125,249 shares of the technology company's stock worth $1,885,000 after buying an additional 1,300 shares during the period. Headlands Technologies LLC purchased a new stake in Vipshop during the second quarter worth $623,000. Corient Private Wealth LLC purchased a new stake in Vipshop during the second quarter worth $199,000. Finally, Tidal Investments LLC lifted its holdings in Vipshop by 18.1% during the second quarter. Tidal Investments LLC now owns 49,326 shares of the technology company's stock worth $742,000 after buying an additional 7,577 shares during the period. Hedge funds and other institutional investors own 48.82% of the company's stock.
About Vipshop
(
Get Free Report)
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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