Zacks Research Downgrades Vipshop (NYSE:VIPS) to Strong Sell

Vipshop (NYSE:VIPS) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities analysts also recently commented on VIPS. Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. JPMorgan Chase & Co. lifted 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. Barclays upped their price target on Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Friday, November 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a research report on Monday. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.83.

Vipshop Stock Performance

NYSE VIPS opened at $19.54 on Monday. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 1.85 and a beta of 0.73. The firm has a 50 day simple moving average of $19.17 and a 200-day simple moving average of $17.53. Vipshop has a one year low of $12.14 and a one year high of $21.08.

Hedge Funds Weigh In On Vipshop

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

Vipshop Company Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.