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

Key Points

• Weiss Ratings has reaffirmed a "hold (c)" rating for Vipshop (VIPS), indicating a cautious outlook on the stock's performance.
• Recent price targets for Vipshop have varied, with Bank of America lowering its target to $17.30 and Citigroup raising it to $19.00, while the consensus rating remains at "Hold" with a price target of $18.33.
• Institutional investors now own approximately 48.82% of Vipshop, with significant increases in stakes from firms like Farther Finance Advisors and Brooklyn Investment Group.

Vipshop (NYSE:VIPS - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently commented on VIPS. Bank of America cut their target price on shares of Vipshop from $17.80 to $17.30 and set a "buy" rating for the company in a research note on Friday, July 18th. Citigroup upped 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. Zacks Research cut shares of Vipshop from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. Wall Street Zen cut shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Vipshop from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $18.33.

Vipshop Price Performance

NYSE:VIPS traded up $0.14 during midday trading on Wednesday, reaching $20.42. The stock had a trading volume of 1,839,003 shares, compared to its average volume of 3,365,154. The stock has a market capitalization of $10.47 billion, a P/E ratio of 11.09, a PEG ratio of 2.28 and a beta of 0.71. Vipshop has a 1-year low of $12.14 and a 1-year high of $21.08. The firm's fifty day simple moving average is $17.43 and its 200-day simple moving average is $15.54.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VIPS. Wayfinding Financial LLC acquired a new position in Vipshop during the 1st quarter valued at about $35,000. Farther Finance Advisors LLC lifted its position in Vipshop by 209.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company's stock valued at $38,000 after purchasing an additional 1,726 shares during the period. Brooklyn Investment Group lifted its position in Vipshop by 1,695.2% during the 1st quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company's stock valued at $41,000 after purchasing an additional 2,475 shares during the period. Hantz Financial Services Inc. lifted its position 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 valued at $49,000 after purchasing an additional 3,027 shares during the period. Finally, Huntington National Bank lifted its position in Vipshop by 53.8% during the 2nd quarter. Huntington National Bank now owns 3,323 shares of the technology company's stock valued at $50,000 after purchasing an additional 1,163 shares during the period. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Company Profile

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.

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.