Vipshop (NYSE:VIPS) Upgraded at Wall Street Zen

Key Points

• Vipshop was upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting positive sentiment among some analysts.
• The stock currently has a consensus rating of "Hold" and a price target of $18.33, with three analysts rating it as Buy and four as Hold.
• Shares of Vipshop saw a slight decline of 0.3% recently, trading at $18.75 with a market capitalization of approximately $9.61 billion.

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

A number of other research firms have also recently issued reports on VIPS. Weiss Ratings reissued a "hold (c)" rating on shares of Vipshop in a research report on Wednesday, October 8th. Zacks Research lowered Vipshop from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. 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 note on Monday, June 30th. Citigroup increased their price objective on Vipshop from $17.00 to $19.00 and gave the stock a "neutral" rating in a report on Friday, August 15th. Finally, Bank of America cut their price objective on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating on the stock in a research report on Friday, July 18th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Vipshop currently has a consensus rating of "Hold" and a consensus price target of $18.33.

Vipshop Stock Down 0.3%

Shares of NYSE:VIPS opened at $18.75 on Friday. The firm has a fifty day moving average of $18.06 and a two-hundred day moving average of $15.72. Vipshop has a 12-month low of $12.14 and a 12-month high of $21.08. The firm has a market capitalization of $9.61 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 2.11 and a beta of 0.71.

Institutional Investors Weigh In On Vipshop

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its holdings in Vipshop by 111.0% during the first quarter. SG Americas Securities LLC now owns 31,118 shares of the technology company's stock valued at $488,000 after purchasing an additional 16,372 shares during the last quarter. Packer & Co Ltd acquired a new stake in shares of Vipshop in the first quarter worth $24,292,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Vipshop during the 1st quarter worth $427,000. Asset Management One Co. Ltd. grew its stake in Vipshop by 2.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 54,607 shares of the technology company's stock valued at $856,000 after buying an additional 1,165 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in Vipshop by 13.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company's stock valued at $197,010,000 after buying an additional 1,456,862 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

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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