Vipshop Holdings Limited (NYSE:VIPS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Vipshop Holdings Limited (NYSE:VIPS) have been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.50.

Several research analysts recently weighed in on the company. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Barclays initiated coverage on Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective for the company. StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Citigroup dropped their price target on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th.

Vipshop Price Performance

NYSE:VIPS opened at $13.65 on Friday. The company’s 50-day moving average is $13.47 and its two-hundred day moving average is $13.80. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 6.53, a PEG ratio of 1.41 and a beta of 0.31.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Atomi Financial Group Inc. boosted its position in Vipshop by 6.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock valued at $174,000 after buying an additional 702 shares during the period. Signaturefd LLC boosted its holdings in Vipshop by 5.1% in the third quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock valued at $263,000 after purchasing an additional 817 shares during the period. Asset Management One Co. Ltd. grew its stake in Vipshop by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock worth $770,000 after purchasing an additional 954 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in Vipshop by 0.7% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock worth $4,691,000 after purchasing an additional 2,055 shares during the period. Finally, National Pension Service raised its position in Vipshop by 2.0% in the 3rd quarter. National Pension Service now owns 107,152 shares of the technology company’s stock valued at $1,686,000 after purchasing an additional 2,074 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

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.