Vipshop (NYSE:VIPS) Reaches New 12-Month High - Here's What Happened

Key Points

• Vipshop Holdings Limited achieved a new 52-week high, reaching $18.69 during trading, up from a previous close of $18.35.
• Analysts have mixed ratings on Vipshop, with three giving a Buy rating and a consensus price target of $18.33.
• Hedge funds and institutional investors own approximately 48.82% of Vipshop's stock, indicating strong interest from large investors.

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $18.59 and last traded at $18.69, with a volume of 2436 shares trading hands. The stock had previously closed at $18.35.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Vipshop from a "hold" rating to a "buy" rating in a research report on Saturday. Bank of America decreased their price target 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 price target on shares of Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. JPMorgan Chase & Co. decreased their price target on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Finally, Zacks Research lowered shares of Vipshop from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Vipshop currently has an average rating of "Moderate Buy" and a consensus price target of $18.33.

Vipshop Price Performance

The business's 50 day moving average price is $16.34 and its 200 day moving average price is $15.28. The stock has a market capitalization of $9.59 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 2.04 and a beta of 0.70.

Hedge Funds Weigh In On Vipshop

Several large investors have recently added to or reduced their stakes in VIPS. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Vipshop by 0.5% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 133,271 shares of the technology company's stock worth $2,006,000 after buying an additional 657 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Vipshop by 3.0% in the second quarter. Advisors Asset Management Inc. now owns 23,072 shares of the technology company's stock worth $347,000 after purchasing an additional 664 shares during the last quarter. Baader Bank Aktiengesellschaft grew its holdings in shares of Vipshop by 5.0% in the first quarter. Baader Bank Aktiengesellschaft now owns 15,755 shares of the technology company's stock worth $245,000 after purchasing an additional 755 shares during the last quarter. Atlas Capital Advisors Inc. lifted its stake in Vipshop by 41.5% in the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company's stock worth $56,000 after acquiring an additional 1,046 shares during the period. Finally, Huntington National Bank lifted its stake in Vipshop by 53.8% in the second quarter. Huntington National Bank now owns 3,323 shares of the technology company's stock worth $50,000 after acquiring an additional 1,163 shares during the period. Hedge funds and other institutional investors own 48.82% of the company's stock.

About Vipshop

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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