Vipshop (NYSE:VIPS) Stock Price Down 6.4% – What’s Next?

Shares of Vipshop Holdings Limited (NYSE:VIPS) were down 6.4% during trading on Friday . The stock traded as low as $17.12 and last traded at $17.0550. Approximately 909,814 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 2,308,878 shares. The stock had previously closed at $18.22.

Analysts Set New Price Targets

Several analysts have recently issued reports on VIPS shares. Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a report on Monday, December 29th. Zacks Research lowered shares of Vipshop from a “hold” rating to a “strong sell” rating in a research report on Monday, December 22nd. JPMorgan Chase & Co. increased their price objective on Vipshop from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.60 price target on shares of Vipshop in a research note on Tuesday, December 30th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Vipshop has a consensus rating of “Hold” and an average price target of $20.38.

Vipshop Stock Down 8.6%

The stock has a market capitalization of $8.54 billion, a P/E ratio of 8.77, a PEG ratio of 1.57 and a beta of 0.72. The company has a 50-day moving average price of $19.18 and a two-hundred day moving average price of $17.91.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in shares of Vipshop by 29.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock valued at $77,326,000 after acquiring an additional 1,126,983 shares during the period. Strs Ohio purchased a new stake in Vipshop during the 1st quarter worth approximately $399,000. Exchange Traded Concepts LLC purchased a new position in shares of Vipshop during the second quarter worth $1,825,000. Farther Finance Advisors LLC raised its stake in shares of Vipshop by 209.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock worth $38,000 after buying an additional 1,726 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in shares of Vipshop by 0.5% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 133,271 shares of the technology company’s stock valued at $2,006,000 after purchasing an additional 657 shares in the last quarter. 48.82% of the stock is 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.