Vipshop (NYSE:VIPS) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• Vipshop has been upgraded from a "hold" rating to a "buy" rating by analysts at Wall Street Zen.
• Various analysts have adjusted their price objectives for Vipshop, with the average target price set at $18.33.
• Institutional investors have increased their stakes significantly in Vipshop, with 48.82% of the company’s stock now owned by hedge funds and other institutions.

Vipshop (NYSE:VIPS - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Several other research analysts have also commented on the company. Bank of America reduced their price target on Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a report on Friday, July 18th. JPMorgan Chase & Co. reduced their price target on Vipshop from $20.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, June 30th. Citigroup raised their price objective on Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Friday, August 15th. Zacks Research lowered shares of Vipshop from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. Finally, Barclays dropped 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. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $18.33.

Vipshop Stock Performance

Shares of NYSE VIPS traded down $0.11 during trading on Friday, hitting $18.78. 3,019,234 shares of the company were exchanged, compared to its average volume of 2,312,729. Vipshop has a 12-month low of $12.14 and a 12-month high of $18.91. The company has a fifty day moving average price of $16.49 and a 200-day moving average price of $15.32. The firm has a market capitalization of $9.63 billion, a PE ratio of 10.21, a P/E/G ratio of 2.12 and a beta of 0.70.

Institutional Trading of Vipshop

Several hedge funds have recently made changes to their positions in VIPS. Ameriprise Financial Inc. lifted its position in shares of Vipshop by 23.5% during the fourth quarter. Ameriprise Financial Inc. now owns 585,654 shares of the technology company's stock worth $7,889,000 after purchasing an additional 111,276 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Vipshop by 1.9% during the fourth quarter. Bank of America Corp DE now owns 2,028,220 shares of the technology company's stock worth $27,320,000 after purchasing an additional 38,656 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Vipshop by 16.5% during the fourth quarter. Janus Henderson Group PLC now owns 468,731 shares of the technology company's stock worth $6,312,000 after purchasing an additional 66,420 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Vipshop by 38.9% during the fourth quarter. Quantinno Capital Management LP now owns 21,956 shares of the technology company's stock worth $296,000 after purchasing an additional 6,145 shares in the last quarter. Finally, Raiffeisen Bank International AG acquired a new stake in shares of Vipshop during the fourth quarter worth about $351,000. Institutional investors and hedge funds 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.