Vipshop (NYSE:VIPS) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a report published on Monday.

Other equities analysts have also recently issued reports about the stock. UBS Group set a $18.50 price target on shares of Vipshop and gave the company a “buy” rating in a report on Friday, May 22nd. Weiss Ratings lowered Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Bank of America reissued an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. One equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.02.

Vipshop Price Performance

NYSE:VIPS opened at $14.33 on Monday. The stock has a market cap of $6.86 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of 1.47 and a beta of 0.67. Vipshop has a fifty-two week low of $12.65 and a fifty-two week high of $21.08. The stock’s 50-day moving average is $14.21 and its two-hundred day moving average is $15.00.

Institutional Trading of Vipshop

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Vipshop by 1.5% in 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 in the last quarter. LSV Asset Management increased its position in shares of Vipshop by 7.5% in the fourth quarter. LSV Asset Management now owns 5,939,813 shares of the technology company’s stock valued at $105,075,000 after acquiring an additional 415,000 shares during the last quarter. KBC Group NV raised its holdings in Vipshop by 281.0% during the first quarter. KBC Group NV now owns 535,669 shares of the technology company’s stock worth $8,421,000 after acquiring an additional 395,088 shares in the last quarter. Carmignac Gestion raised its holdings in Vipshop by 7.7% during the first quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company’s stock worth $70,510,000 after acquiring an additional 319,375 shares in the last quarter. Finally, Swiss Life Asset Management Ltd increased its position in Vipshop by 167.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 117,715 shares of the technology company’s stock worth $2,082,000 after buying an additional 73,710 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

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.