Vipshop Holdings Limited (NYSE:VIPS) Given Average Rating of “Hold” by Analysts

Shares of Vipshop Holdings Limited (NYSE:VIPS) have been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $17.50.

A number of equities research analysts have recently weighed in on VIPS shares. UBS Group downgraded Vipshop from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $12.50 in a report on Wednesday, August 21st. Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Barclays began coverage on shares of Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target for the company. CLSA lowered shares of Vipshop from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from $15.80 to $12.00 in a research note on Wednesday, August 21st. Finally, StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

Institutional Trading of Vipshop

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Beijing Investment Ltd acquired a new stake in shares of Vipshop in the third quarter valued at $120,182,000. Krane Funds Advisors LLC lifted its holdings in Vipshop by 20.3% in the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock valued at $204,901,000 after acquiring an additional 2,659,117 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Vipshop by 179.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock valued at $62,670,000 after purchasing an additional 2,558,896 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Vipshop by 155.0% in the 2nd quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock worth $45,347,000 after purchasing an additional 2,117,902 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Vipshop in the 1st quarter worth approximately $19,185,000. 48.82% of the stock is currently owned by institutional investors.

Vipshop Stock Performance

NYSE:VIPS opened at $13.56 on Thursday. The stock has a 50-day simple moving average of $14.68 and a 200 day simple moving average of $14.34. Vipshop has a one year low of $11.50 and a one year high of $20.19. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 6.49, a price-to-earnings-growth ratio of 1.55 and a beta of 0.34.

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.