Wall Street Zen Upgrades Vipshop (NYSE:VIPS) to "Buy"

Key Points

• Wall Street Zen upgraded Vipshop from “hold” to “buy,” while the broader analyst consensus remains “Moderate Buy,” with an average price target of $21.02.
• Vipshop shares opened at $14.14, near their 50-day average of $14.15, with a market capitalization of $6.77 billion and a one-year trading range of $12.65 to $21.08.
• Institutional ownership stands at 48.82%, with several investment firms recently increasing their positions, including Carmignac Gestion and Handelsbanken Fonder.

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

A number of other equities research analysts also recently commented on VIPS. Bank of America restated an "underperform" rating on shares of Vipshop in a research report on Friday, May 29th. Benchmark reiterated a "hold" rating on shares of Vipshop in a research report on Friday, May 22nd. Weiss Ratings downgraded Vipshop from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, May 26th. Finally, UBS Group set a $18.50 target price on Vipshop and gave the stock a "buy" rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Vipshop currently has a consensus rating of "Moderate Buy" and an average target price of $21.02.

Vipshop Price Performance

Vipshop stock opened at $14.14 on Friday. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The firm has a 50 day simple moving average of $14.15 and a 200-day simple moving average of $15.15. Vipshop has a 1-year low of $12.65 and a 1-year high of $21.08.

Institutional Trading of Vipshop

Institutional investors have recently bought and sold shares of the company. Ramsey Quantitative Systems acquired a new stake in Vipshop in the second quarter valued at $117,000. Handelsbanken Fonder AB raised its stake in shares of Vipshop by 16.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 322,995 shares of the technology company's stock worth $4,283,000 after buying an additional 46,150 shares during the last quarter. Carmignac Gestion raised its stake in shares of Vipshop by 7.7% during the 1st quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company's stock worth $70,510,000 after buying an additional 319,375 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Vipshop by 100.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company's stock worth $58,000 after buying an additional 1,864 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of Vipshop by 26.5% in the 1st quarter. Quantinno Capital Management LP now owns 129,921 shares of the technology company's stock worth $2,042,000 after buying an additional 27,229 shares in the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

About Vipshop

Vipshop Holdings Limited NYSE: VIPS is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.

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