Vipshop Holdings Limited (NYSE:VIPS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Vipshop Holdings Limited (NYSE:VIPS) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $18.3250.

A number of brokerages recently commented on VIPS. Zacks Research lowered shares of Vipshop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Bank of America dropped their price target on Vipshop from $17.80 to $17.30 and set a “buy” rating on the stock in a research note on Friday, July 18th. Citigroup upped their price objective on Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, August 15th. Wall Street Zen downgraded Vipshop from a “buy” rating to a “hold” rating in a report on Thursday, May 29th. Finally, Barclays cut their target price on Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, May 22nd.

Vipshop Stock Performance

Shares of VIPS stock opened at $16.95 on Friday. Vipshop has a 52 week low of $12.14 and a 52 week high of $17.94. The company’s 50 day moving average price is $15.84 and its two-hundred day moving average price is $15.11. The company has a market capitalization of $8.69 billion, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 1.88 and a beta of 0.70.

Institutional Investors Weigh In On Vipshop

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIPS. Acadian Asset Management LLC lifted its position in Vipshop by 17.4% during the 1st quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company’s stock worth $262,757,000 after buying an additional 2,483,294 shares in the last quarter. Krane Funds Advisors LLC increased its position in shares of Vipshop by 7.8% in the first quarter. Krane Funds Advisors LLC now owns 15,839,097 shares of the technology company’s stock valued at $248,357,000 after acquiring an additional 1,148,307 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Vipshop by 13.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company’s stock worth $197,010,000 after acquiring an additional 1,456,862 shares in the last quarter. Invesco Ltd. boosted its position in Vipshop by 9.3% during the second quarter. Invesco Ltd. now owns 8,930,629 shares of the technology company’s stock valued at $134,406,000 after purchasing an additional 760,377 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Vipshop by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 8,330,548 shares of the technology company’s stock valued at $130,731,000 after purchasing an additional 267,398 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.