Vipshop's (VIPS) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Vipshop's stock has been reaffirmed with a "hold (C)" rating by Weiss Ratings, indicating a cautious outlook from analysts.
• JPMorgan Chase reduced its price objective for Vipshop from $20.00 to $18.00, while other analysts have given mixed ratings with a consensus target price of $18.33.
• Vipshop shares traded at $18.42, with a market capitalization of $9.44 billion and significant institutional ownership at 48.82% as of the latest reports.

Vipshop (NYSE:VIPS - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Zacks Research lowered shares of Vipshop from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Wall Street Zen upgraded shares of Vipshop from a "hold" rating to a "buy" rating in a research report on Saturday, October 18th. Citigroup lifted their target price on shares of Vipshop from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Finally, Bank of America cut their price target on Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research note on Friday, July 18th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $18.33.

Vipshop Trading Up 0.1%

NYSE VIPS traded up $0.03 on Friday, hitting $18.42. 689,242 shares of the company traded hands, compared to its average volume of 3,307,986. The business's 50 day moving average price is $18.25 and its 200-day moving average price is $15.83. Vipshop has a 52-week low of $12.14 and a 52-week high of $21.08. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 10.01, a P/E/G ratio of 2.07 and a beta of 0.71.

Institutional Investors Weigh In On Vipshop

Several large investors have recently bought and sold shares of VIPS. E Fund Management Hong Kong Co. Ltd. raised its stake in Vipshop by 0.5% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 133,271 shares of the technology company's stock valued at $2,006,000 after purchasing an additional 657 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Vipshop by 3.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 23,072 shares of the technology company's stock valued at $347,000 after buying an additional 664 shares in the last quarter. Lester Murray Antman dba SimplyRich lifted its holdings in shares of Vipshop by 0.5% in the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 146,753 shares of the technology company's stock valued at $2,882,000 after acquiring an additional 685 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Vipshop by 0.6% in the third quarter. Exchange Traded Concepts LLC now owns 121,975 shares of the technology company's stock worth $2,396,000 after acquiring an additional 693 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft increased its stake in Vipshop by 5.0% during the first quarter. Baader Bank Aktiengesellschaft now owns 15,755 shares of the technology company's stock worth $245,000 after acquiring an additional 755 shares during the last quarter. Institutional investors 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.

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