Vipshop (NYSE:VIPS) Stock Rating Lowered by StockNews.com

Vipshop (NYSE:VIPS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

VIPS has been the subject of several other reports. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Citigroup decreased their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Finally, Barclays assumed coverage on Vipshop in a research note on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price for the company. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.50.

Vipshop Stock Down 1.4 %

Shares of VIPS stock opened at $15.08 on Wednesday. Vipshop has a twelve month low of $11.50 and a twelve month high of $20.19. The company has a market cap of $7.74 billion, a P/E ratio of 7.22, a P/E/G ratio of 1.59 and a beta of 0.30. The business has a fifty day simple moving average of $13.78 and a 200 day simple moving average of $13.91.

Hedge Funds Weigh In On Vipshop

A number of institutional investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC bought a new position in shares of Vipshop during the 3rd quarter valued at about $56,000. Blue Trust Inc. lifted its stake in shares of Vipshop by 140.6% in the 3rd quarter. Blue Trust Inc. now owns 8,485 shares of the technology company’s stock valued at $133,000 after purchasing an additional 4,958 shares during the period. Atomi Financial Group Inc. increased its position in Vipshop by 10.8% during the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after buying an additional 1,191 shares in the last quarter. Vontobel Holding Ltd. bought a new position in Vipshop during the 4th quarter valued at approximately $165,000. Finally, Polymer Capital Management HK LTD bought a new stake in shares of Vipshop in the 3rd quarter worth $175,000. 48.82% of the stock is currently owned by 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.