Shares of Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) gapped down prior to trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $20.00 to $18.00. The stock had previously closed at $15.12, but opened at $14.70. JPMorgan Chase & Co. currently has an overweight rating on the stock. Vipshop shares last traded at $14.80, with a volume of 262,961 shares changing hands.
VIPS has been the subject of a number of other reports. Wall Street Zen downgraded shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Thursday, May 29th. Barclays dropped their price objective 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, Citigroup cut Vipshop from a "buy" rating to a "neutral" rating and set a $18.00 target price on the stock. in a research note on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $15.58.
Check Out Our Latest Stock Report on VIPS
Institutional Investors Weigh In On Vipshop
Institutional investors and hedge funds have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd purchased a new stake in Vipshop in the 4th quarter worth about $210,000. Metis Global Partners LLC raised its stake in Vipshop by 53.9% in the fourth quarter. Metis Global Partners LLC now owns 17,277 shares of the technology company's stock valued at $233,000 after purchasing an additional 6,050 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 worth $27,416,000 after acquiring an additional 286,604 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Vipshop by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company's stock worth $349,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Vipshop by 32.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,119,045 shares of the technology company's stock valued at $15,074,000 after acquiring an additional 270,986 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.
Vipshop Stock Performance
The business's 50-day moving average is $14.49 and its 200 day moving average is $14.48. The company has a market cap of $7.69 billion, a PE ratio of 7.85, a PEG ratio of 2.54 and a beta of 0.58.
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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