Wall Street Zen Downgrades Vipshop (NYSE:VIPS) to Hold

Vipshop (NYSE:VIPS) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

A number of other equities analysts have also commented on the stock. Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a research note on Thursday, November 20th. JPMorgan Chase & Co. increased their target price on Vipshop from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Zacks Research downgraded Vipshop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Friday, November 21st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Vipshop in a research note on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Vipshop has an average rating of “Hold” and a consensus target price of $19.83.

Vipshop Price Performance

Shares of VIPS opened at $20.25 on Friday. The company has a 50-day moving average of $19.07 and a two-hundred day moving average of $16.93. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 2.11 and a beta of 0.83. Vipshop has a one year low of $12.14 and a one year high of $21.08.

Institutional Trading of Vipshop

A number of institutional investors have recently added to or reduced their stakes in the business. Mariner LLC increased its stake in shares of Vipshop by 3.2% during the 3rd quarter. Mariner LLC now owns 18,308 shares of the technology company’s stock worth $360,000 after purchasing an additional 561 shares during the last quarter. D Orazio & Associates Inc. boosted its holdings in Vipshop by 4.3% in the third quarter. D Orazio & Associates Inc. now owns 15,119 shares of the technology company’s stock worth $297,000 after purchasing an additional 618 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in Vipshop by 0.5% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 133,271 shares of the technology company’s stock worth $2,006,000 after buying an additional 657 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Vipshop by 3.0% in the second quarter. Advisors Asset Management Inc. now owns 23,072 shares of the technology company’s stock worth $347,000 after buying an additional 664 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich boosted its stake in shares of Vipshop by 0.5% during the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 146,753 shares of the technology company’s stock worth $2,882,000 after acquiring an additional 685 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.