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Vipshop (NYSE:VIPS) Shares Gap Up - Should You Buy?

Vipshop logo with Computer and Technology background

Key Points

  • Vipshop Holdings Limited shares gapped up in pre-market trading from a previous close of $16.36 to an opening price of $17.15, with last traded shares at $16.32 and a volume of 960,093 shares.
  • Wall Street analysts have mixed ratings on Vipshop, with a consensus rating of "Hold" and an average target price of $15.83, as several firms have recently cut their price objectives for the stock.
  • Institutional investors are actively adjusting their stakes in Vipshop, with notable increases in holdings from firms like Farther Finance Advisors LLC and Brooklyn Investment Group, reflecting growing interest among hedge funds.
  • Want stock alerts on Vipshop? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $16.36, but opened at $17.15. Vipshop shares last traded at $16.32, with a volume of 960,093 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VIPS. Barclays dropped their price objective on Vipshop from $20.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, May 22nd. JPMorgan Chase & Co. dropped their price objective on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Bank of America dropped their price objective on Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a report on Friday, July 18th. Finally, Wall Street Zen cut Vipshop from a "buy" rating to a "hold" rating in a report on Thursday, May 29th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vipshop has a consensus rating of "Hold" and an average target price of $15.83.

Read Our Latest Stock Analysis on VIPS

Vipshop Stock Up 2.8%

The stock has a market cap of $8.62 billion, a PE ratio of 8.82, a P/E/G ratio of 1.75 and a beta of 0.54. The business has a 50 day moving average price of $15.22 and a 200 day moving average price of $14.90.

Hedge Funds Weigh In On Vipshop

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new stake in Vipshop during the first quarter worth $35,000. Farther Finance Advisors LLC lifted its holdings in Vipshop by 209.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company's stock worth $38,000 after buying an additional 1,726 shares during the last quarter. Brooklyn Investment Group lifted its holdings in Vipshop by 1,695.2% during the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock worth $41,000 after buying an additional 2,475 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Vipshop by 1,187.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company's stock worth $49,000 after buying an additional 3,027 shares during the last quarter. Finally, Huntington National Bank increased its position in shares of Vipshop by 53.8% during the second quarter. Huntington National Bank now owns 3,323 shares of the technology company's stock worth $50,000 after purchasing an additional 1,163 shares in the last quarter. 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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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