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

Vipshop Holdings Limited (NYSE:VIPS) has received an average rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five research 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 issued ratings on the stock in the last year is $17.50.

A number of research analysts have recently issued reports on VIPS shares. StockNews.com lowered Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Barclays initiated coverage on Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target on the stock. Finally, Citigroup reduced their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th.

Vipshop Stock Performance

NYSE VIPS opened at $13.58 on Monday. Vipshop has a one year low of $11.50 and a one year high of $20.19. The firm has a market cap of $6.97 billion, a PE ratio of 6.50, a P/E/G ratio of 1.56 and a beta of 0.31. The firm’s fifty day moving average is $13.99 and its two-hundred day moving average is $14.01.

Institutional Trading of Vipshop

Large investors have recently modified their holdings of the business. Venturi Wealth Management LLC acquired a new stake in Vipshop during the third quarter worth approximately $56,000. Employees Retirement System of Texas raised its stake in shares of Vipshop by 143.2% during the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,717 shares during the period. Blue Trust Inc. increased its stake in Vipshop by 140.6% during the 3rd quarter. Blue Trust Inc. now owns 8,485 shares of the technology company’s stock worth $133,000 after buying an additional 4,958 shares during the period. National Bank of Canada FI acquired a new position in shares of Vipshop in the second quarter worth about $136,000. Finally, Atomi Financial Group Inc. increased its holdings in Vipshop by 6.8% during the 3rd 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 last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

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.