Vipshop (NYSE:VIPS) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Vipshop Holdings Limited (NYSE:VIPS) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.87 and traded as low as $13.00. Vipshop shares last traded at $13.47, with a volume of 3,013,768 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VIPS shares. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Barclays began coverage on shares of Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price on the stock. Finally, Citigroup reduced their price target on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vipshop presently has an average rating of “Hold” and an average price target of $17.50.

Vipshop Price Performance

The business’s 50 day simple moving average is $13.80 and its 200 day simple moving average is $13.87. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 6.45, a price-to-earnings-growth ratio of 1.56 and a beta of 0.31.

Institutional Trading of Vipshop

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DGS Capital Management LLC raised its stake in shares of Vipshop by 9.4% during the third quarter. DGS Capital Management LLC now owns 46,235 shares of the technology company’s stock worth $727,000 after purchasing an additional 3,982 shares during the last quarter. Franklin Resources Inc. raised its position in Vipshop by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 382,922 shares of the technology company’s stock worth $6,299,000 after buying an additional 19,367 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Vipshop in the 3rd quarter worth $599,000. Geode Capital Management LLC boosted its holdings in shares of Vipshop by 5.7% in the third quarter. Geode Capital Management LLC now owns 3,256,744 shares of the technology company’s stock valued at $50,937,000 after acquiring an additional 176,037 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Vipshop during the third quarter worth about $14,938,000. 48.82% of the stock is owned by hedge funds and other institutional investors.

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.