Shares of Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $15.12, but opened at $14.70. Vipshop shares last traded at $14.80, with a volume of 262,961 shares trading hands.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on VIPS shares. Barclays reduced their price target on shares of Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Citigroup lowered Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price for the company. in a report on Tuesday, April 1st. Wall Street Zen downgraded Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Finally, JPMorgan Chase & Co. dropped their price target on Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $15.58.
View Our Latest Research Report on VIPS
Vipshop Stock Performance
The stock has a 50 day moving average price of $14.45 and a two-hundred day moving average price of $14.47. The company has a market capitalization of $7.75 billion, a PE ratio of 7.91, a P/E/G ratio of 2.57 and a beta of 0.58.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of VIPS. Lighthouse Investment Partners LLC bought a new stake in Vipshop in the fourth quarter worth $1,990,000. Packer & Co Ltd acquired a new stake in shares of Vipshop in the first quarter worth about $24,292,000. Vanguard Group Inc. boosted its stake in shares of Vipshop by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company's stock worth $188,060,000 after acquiring an additional 79,254 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Vipshop by 53.8% during the 4th quarter. JPMorgan Chase & Co. now owns 2,597,664 shares of the technology company's stock valued at $34,991,000 after acquiring an additional 908,669 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Vipshop by 16.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,035,334 shares of the technology company's stock valued at $27,416,000 after acquiring an additional 286,604 shares during the last quarter. Institutional investors and hedge funds 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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