Vipshop (NYSE:VIPS) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Vipshop (NYSE:VIPS) from a hold rating to a buy rating in a research note published on Monday morning.

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

Vipshop Trading Up 2.1 %

Shares of VIPS opened at $13.45 on Monday. The firm’s fifty day simple moving average is $13.47 and its 200-day simple moving average is $13.79. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 6.44, a PEG ratio of 1.36 and a beta of 0.31. Vipshop has a twelve month low of $11.50 and a twelve month high of $20.19.

Institutional Trading of Vipshop

A number of institutional investors have recently made changes to their positions in VIPS. Atomi Financial Group Inc. lifted its stake in Vipshop by 6.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after acquiring an additional 702 shares in the last quarter. Signaturefd LLC lifted its position in Vipshop by 5.1% in the 3rd quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock worth $263,000 after buying an additional 817 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Vipshop by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock valued at $770,000 after acquiring an additional 954 shares in the last quarter. Harvest Fund Management Co. Ltd increased its stake in shares of Vipshop by 0.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock worth $4,691,000 after acquiring an additional 2,055 shares during the last quarter. Finally, National Pension Service boosted its position in Vipshop by 2.0% during the third quarter. National Pension Service now owns 107,152 shares of the technology company’s stock valued at $1,686,000 after purchasing an additional 2,074 shares during the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

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.