Vipshop (NYSE:VIPS) Stock Price Down 4.3% – Time to Sell?

Vipshop Holdings Limited (NYSE:VIPS)’s stock price fell 4.3% on Tuesday . The company traded as low as $18.55 and last traded at $18.5350. 490,759 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 3,229,202 shares. The stock had previously closed at $19.36.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VIPS shares. Wall Street Zen raised shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays lifted their price objective on shares of Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Jefferies Financial Group restated a “buy” rating and issued a $22.60 target price on shares of Vipshop in a research note on Tuesday. Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a research note on Thursday, November 20th. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Friday, November 21st. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Vipshop has an average rating of “Hold” and a consensus target price of $20.38.

Vipshop Stock Down 4.5%

The firm’s 50 day simple moving average is $19.22 and its two-hundred day simple moving average is $17.66. The stock has a market cap of $9.48 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 1.85 and a beta of 0.73.

Institutional Investors Weigh In On Vipshop

Several large investors have recently made changes to their positions in VIPS. Farther Finance Advisors LLC raised its holdings in shares of Vipshop by 209.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock worth $38,000 after purchasing an additional 1,726 shares in the last quarter. Hantz Financial Services Inc. grew its position in Vipshop by 1,187.1% in the second quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock worth $49,000 after buying an additional 3,027 shares during the last quarter. Huntington National Bank lifted its position in shares of Vipshop by 53.8% during the 2nd quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,163 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of Vipshop by 575.5% during the 3rd quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock worth $57,000 after acquiring an additional 2,492 shares in the last quarter. Finally, Tobam acquired a new position in shares of Vipshop in the 2nd quarter worth $91,000. Institutional investors and hedge funds 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.