Vipshop (NYSE:VIPS) Reaches New 12-Month High - Time to Buy?

Key Points

• Vipshop Holdings Limited's stock reached a new 52-week high at $19.01 during trading, last closing at $18.78 with significant trading volume.
• Analysts have mixed ratings on Vipshop, with a consensus average rating of "Moderate Buy" and a price target of $18.33, while some firms have downgraded their expectations.
• Institutional investors have shown increased interest in Vipshop, with several firms significantly increasing their stakes in the company over recent quarters.

Shares of Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $19.01 and last traded at $18.78, with a volume of 487341 shares changing hands. The stock had previously closed at $18.43.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on VIPS shares. JPMorgan Chase & Co. lowered their price target on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, June 30th. Wall Street Zen raised Vipshop from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Citigroup boosted their price target on Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a research report on Friday, August 15th. Bank of America lowered their price target on Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research report on Friday, July 18th. Finally, Zacks Research downgraded Vipshop from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.33.

Vipshop Price Performance

The business has a fifty day moving average of $16.85 and a 200 day moving average of $15.38. The stock has a market cap of $9.71 billion, a PE ratio of 10.30, a P/E/G ratio of 2.07 and a beta of 0.70.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Wayfinding Financial LLC acquired a new position in Vipshop during the 1st quarter worth $35,000. Farther Finance Advisors LLC grew its stake in Vipshop by 209.2% in the second quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company's stock worth $38,000 after purchasing an additional 1,726 shares in the last quarter. Brooklyn Investment Group grew its stake in Vipshop by 1,695.2% in the first quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock worth $41,000 after purchasing an additional 2,475 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Vipshop by 1,187.1% in the second 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 during the last quarter. Finally, Huntington National Bank raised its stake in Vipshop by 53.8% during the second 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. 48.82% of the stock is currently owned by institutional investors.

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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