Vipshop (NYSE:VIPS) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of Vipshop Holdings Limited (NYSE:VIPS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.94 and traded as low as $13.21. Vipshop shares last traded at $13.2650, with a volume of 2,735,392 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on VIPS shares. JPMorgan Chase & Co. dropped their price objective on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Weiss Ratings lowered Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Benchmark reissued a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. Finally, UBS Group set a $18.50 price objective on Vipshop and gave the company a “buy” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.20.

Vipshop Stock Up 0.0%

The company has a market capitalization of $6.35 billion, a PE ratio of 6.23, a price-to-earnings-growth ratio of 1.33 and a beta of 0.67. The firm’s 50 day simple moving average is $13.98 and its 200 day simple moving average is $15.94.

Institutional Trading of Vipshop

Several institutional investors have recently added to or reduced their stakes in VIPS. FIL Ltd grew its stake in shares of Vipshop by 2.6% during the fourth quarter. FIL Ltd now owns 18,891,105 shares of the technology company’s stock valued at $334,184,000 after buying an additional 483,842 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Vipshop by 0.9% during the 4th quarter. Invesco Ltd. now owns 16,864,626 shares of the technology company’s stock worth $298,335,000 after acquiring an additional 148,970 shares during the last quarter. Orbis Allan Gray Ltd lifted its stake in shares of Vipshop by 12.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock worth $191,316,000 after acquiring an additional 1,227,325 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Vipshop by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock valued at $179,518,000 after acquiring an additional 149,758 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Vipshop by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,616,834 shares of the technology company’s stock valued at $152,493,000 after acquiring an additional 149,268 shares during the period. Institutional investors own 48.82% of the company’s stock.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.