Vipshop Holdings Limited (NYSE:VIPS) Receives $17.50 Consensus PT from Analysts

Shares of Vipshop Holdings Limited (NYSE:VIPS) have earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $17.50.

A number of analysts have recently weighed in on the company. Morgan Stanley cut their price objective on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 20th. CLSA lowered Vipshop from an “outperform” rating to a “hold” rating and reduced their price target for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Barclays assumed 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 cut shares of Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th.

Hedge Funds Weigh In On Vipshop

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Vipshop by 1,904.0% during the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after buying an additional 3,351 shares during the period. Venturi Wealth Management LLC purchased a new stake in Vipshop during the third quarter valued at about $56,000. Employees Retirement System of Texas increased its stake in Vipshop by 143.2% during the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock worth $60,000 after acquiring an additional 2,717 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Vipshop in the 2nd quarter worth about $136,000. Finally, Atomi Financial Group Inc. grew its holdings in shares of Vipshop by 6.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after purchasing an additional 702 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Performance

Shares of VIPS stock opened at $13.74 on Thursday. The stock has a market capitalization of $7.05 billion, a P/E ratio of 6.64, a price-to-earnings-growth ratio of 1.58 and a beta of 0.34. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The company has a 50 day moving average price of $14.71 and a 200 day moving average price of $14.28.

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.