Vipshop Holdings Limited (NYSE:VIPS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Vipshop Holdings Limited (NYSE:VIPS) have received an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $20.6833.

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings lowered shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. UBS Group set a $18.50 target price on shares of Vipshop and gave the company a “buy” rating in a research note on Friday, May 22nd. Bank of America reissued an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. decreased their price objective on Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st.

Institutional Trading of Vipshop

Several large investors have recently added to or reduced their stakes in the company. Ramsey Quantitative Systems bought a new stake in Vipshop during the 2nd quarter worth approximately $117,000. Handelsbanken Fonder AB raised its position in Vipshop by 16.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 322,995 shares of the technology company’s stock valued at $4,283,000 after purchasing an additional 46,150 shares during the last quarter. Carmignac Gestion boosted its stake in Vipshop by 7.7% in the first quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company’s stock worth $70,510,000 after purchasing an additional 319,375 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Vipshop by 100.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,864 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of Vipshop by 26.5% during the first quarter. Quantinno Capital Management LP now owns 129,921 shares of the technology company’s stock worth $2,042,000 after purchasing an additional 27,229 shares during the last quarter. 48.82% of the stock is owned by institutional investors.

Vipshop Trading Down 1.3%

Shares of VIPS stock opened at $14.22 on Tuesday. The stock has a 50 day moving average of $13.91 and a two-hundred day moving average of $15.43. Vipshop has a 12 month low of $12.65 and a 12 month high of $21.08. The company has a market capitalization of $6.81 billion, a P/E ratio of 6.68, a P/E/G ratio of 1.43 and a beta of 0.67.

Vipshop Company Profile

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.