Vipshop (NYSE:VIPS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Vipshop (NYSE:VIPS) from a hold rating to a buy rating in a research report released on Saturday.

Several other analysts have also recently commented on VIPS. UBS Group set a $18.50 price objective on shares of Vipshop and gave the company a “buy” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. lowered their target price on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. Finally, Bank of America reiterated an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.68.

Vipshop Stock Performance

NYSE:VIPS opened at $14.71 on Friday. Vipshop has a 1 year low of $12.65 and a 1 year high of $21.08. The stock has a fifty day moving average price of $13.92 and a two-hundred day moving average price of $15.39. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 1.43 and a beta of 0.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Packer & Co Ltd acquired a new stake in shares of Vipshop in the fourth quarter valued at approximately $27,406,000. Vanguard Group Inc. raised its position in shares of Vipshop by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock worth $179,518,000 after purchasing an additional 149,758 shares during the last quarter. Step Capital Management Pte. Ltd. purchased a new stake in Vipshop in the 4th quarter valued at approximately $2,338,000. LSV Asset Management lifted its stake in Vipshop by 7.5% in the 4th quarter. LSV Asset Management now owns 5,939,813 shares of the technology company’s stock valued at $105,075,000 after buying an additional 415,000 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in Vipshop by 6.0% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,836,920 shares of the technology company’s stock valued at $32,496,000 after buying an additional 104,000 shares in the last quarter. Institutional investors and hedge funds 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.