Vipshop Holdings Limited (NYSE:VIPS) Receives $17.50 Average Target Price from Analysts

Shares of Vipshop Holdings Limited (NYSE:VIPS) have been given a consensus recommendation of “Hold” by the seven research firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $17.50.

A number of analysts have issued reports on VIPS shares. StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a report on Monday. Citigroup lowered their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Benchmark reissued a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Finally, Barclays initiated coverage on shares of Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price for the company.

Hedge Funds Weigh In On Vipshop

A number of institutional investors have recently modified their holdings of VIPS. Hhlr Advisors LTD. increased its stake in Vipshop by 6.2% in the third quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock valued at $247,281,000 after purchasing an additional 914,322 shares during the period. First Beijing Investment Ltd purchased a new position in shares of Vipshop during the third quarter worth about $120,182,000. Dimensional Fund Advisors LP increased its position in Vipshop by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,739,378 shares of the technology company’s stock valued at $87,771,000 after acquiring an additional 343,739 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Vipshop by 7.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,828,506 shares of the technology company’s stock valued at $75,952,000 after acquiring an additional 333,989 shares during the last quarter. Finally, Marathon Asset Management Ltd lifted its position in Vipshop by 14.9% during the 3rd quarter. Marathon Asset Management Ltd now owns 4,390,922 shares of the technology company’s stock worth $69,069,000 after acquiring an additional 570,869 shares during the period. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Trading Up 1.4 %

Vipshop stock opened at $13.65 on Friday. The company has a fifty day simple moving average of $13.47 and a 200-day simple moving average of $13.80. The stock has a market cap of $7.01 billion, a P/E ratio of 6.53, a price-to-earnings-growth ratio of 1.41 and a beta of 0.31. Vipshop has a 12-month low of $11.50 and a 12-month high of $20.19.

About Vipshop

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.