Shares of Vipshop Holdings Ltd – (NYSE:VIPS) have earned an average recommendation of “Hold” from the seventeen research firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $13.20.

A number of brokerages recently issued reports on VIPS. Daiwa Capital Markets cut shares of Vipshop from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a report on Thursday, August 17th. Zacks Investment Research cut shares of Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Benchmark upped their price objective on shares of Vipshop from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, August 18th. BidaskClub cut shares of Vipshop from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 30th. Finally, Macquarie decreased their price objective on shares of Vipshop from $16.50 to $11.00 and set an “outperform” rating for the company in a report on Friday, August 18th.

Shares of Vipshop (NYSE:VIPS) traded up $0.23 during trading hours on Monday, reaching $8.46. 6,438,100 shares of the company were exchanged, compared to its average volume of 6,640,045. The company has a market capitalization of $4,992.16, a PE ratio of 14.84 and a beta of 2.10. Vipshop has a 12-month low of $7.79 and a 12-month high of $15.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.05 and a quick ratio of 0.74.

A number of institutional investors have recently added to or reduced their stakes in the business. 1st Global Advisors Inc. raised its position in shares of Vipshop by 1.5% during the second quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock valued at $113,000 after buying an additional 160 shares during the last quarter. FNY Partners Fund LP raised its position in shares of Vipshop by 71.9% during the second quarter. FNY Partners Fund LP now owns 11,000 shares of the technology company’s stock valued at $116,000 after buying an additional 4,600 shares during the last quarter. BB&T Securities LLC acquired a new position in shares of Vipshop during the second quarter valued at about $138,000. Advisors Preferred LLC acquired a new position in shares of Vipshop during the third quarter valued at about $117,000. Finally, Financial Counselors Inc. raised its position in shares of Vipshop by 4.2% during the second quarter. Financial Counselors Inc. now owns 13,708 shares of the technology company’s stock valued at $145,000 after buying an additional 547 shares during the last quarter. 53.28% of the stock is owned by hedge funds and other institutional investors.

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About Vipshop

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

Analyst Recommendations for Vipshop (NYSE:VIPS)

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