Vipshop Holdings Limited (NYSE:VIPS) Given Consensus Recommendation of “Hold” by Analysts

Vipshop Holdings Limited (NYSE:VIPS) has received an average recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $17.50.

VIPS has been the topic of several research reports. Morgan Stanley cut their price objective on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. CLSA downgraded Vipshop from an “outperform” rating to a “hold” rating and cut their price target for the company from $15.80 to $12.00 in a report on Wednesday, August 21st. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, UBS Group downgraded shares of Vipshop from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $20.00 to $12.50 in a report on Wednesday, August 21st.

Vipshop Price Performance

Shares of Vipshop stock opened at $13.56 on Thursday. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 6.49, a PEG ratio of 1.55 and a beta of 0.34. The firm’s 50-day moving average is $14.68 and its two-hundred day moving average is $14.34. Vipshop has a 1 year low of $11.50 and a 1 year high of $20.19.

Institutional Investors Weigh In On Vipshop

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Beijing Investment Ltd acquired a new position in shares of Vipshop during the third quarter valued at about $120,182,000. Krane Funds Advisors LLC grew its position in Vipshop by 20.3% during the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock worth $204,901,000 after purchasing an additional 2,659,117 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in 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 raised its holdings in shares of Vipshop by 155.0% in the second quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock worth $45,347,000 after buying an additional 2,117,902 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of Vipshop during the first quarter worth $19,185,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

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.