Vipshop (NYSE:VIPS) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research report released on Monday morning.

A number of other research firms have also issued reports on VIPS. Citigroup dropped their price objective on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Finally, Barclays began coverage on shares of Vipshop in a research note on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $17.50.

Vipshop Stock Down 3.3 %

VIPS opened at $13.90 on Monday. The firm has a market capitalization of $7.13 billion, a P/E ratio of 6.65, a P/E/G ratio of 1.50 and a beta of 0.30. The firm’s 50 day moving average is $13.62 and its 200-day moving average is $13.85. Vipshop has a 52-week low of $11.50 and a 52-week high of $20.19.

Institutional Trading of Vipshop

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in Vipshop by 76.6% in the second quarter. The Manufacturers Life Insurance Company now owns 73,369 shares of the technology company’s stock worth $955,000 after purchasing an additional 31,816 shares during the period. Sanctuary Advisors LLC acquired a new position in Vipshop in the second quarter worth $1,036,000. Atomi Financial Group Inc. boosted its holdings in Vipshop by 6.8% in the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after purchasing an additional 702 shares during the period. Creative Planning boosted its holdings in Vipshop by 16.9% in the third quarter. Creative Planning now owns 107,026 shares of the technology company’s stock worth $1,684,000 after purchasing an additional 15,477 shares during the period. Finally, Marathon Asset Management Ltd boosted its holdings in Vipshop by 14.9% in the third quarter. Marathon Asset Management Ltd now owns 4,390,922 shares of the technology company’s stock worth $69,069,000 after purchasing an additional 570,869 shares during the period. Institutional investors own 48.82% of the company’s stock.

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.