Vipshop (NYSE:VIPS) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Vipshop (NYSE:VIPS) from a hold rating to a buy rating in a research note published on Saturday morning.

A number of other research analysts have also recently weighed in on VIPS. Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Benchmark reissued a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. Bank of America reissued an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. UBS Group set a $18.50 target price on Vipshop and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. cut their price target on Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.68.

Vipshop Price Performance

NYSE:VIPS opened at $14.22 on Friday. The company has a 50 day moving average price of $13.91 and a 200-day moving average price of $15.43. Vipshop has a 1-year low of $12.65 and a 1-year high of $21.08. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 6.68, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VIPS. Packer & Co Ltd acquired a new position in shares of Vipshop during the fourth quarter valued at approximately $27,406,000. Vanguard Group Inc. boosted its stake in shares of Vipshop by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock worth $179,518,000 after acquiring an additional 149,758 shares during the last quarter. Step Capital Management Pte. Ltd. acquired a new stake in shares of Vipshop in the fourth quarter worth approximately $2,338,000. LSV Asset Management increased its position in shares of Vipshop by 7.5% during the fourth quarter. LSV Asset Management now owns 5,939,813 shares of the technology company’s stock worth $105,075,000 after purchasing an additional 415,000 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Vipshop by 6.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,836,920 shares of the technology company’s stock worth $32,496,000 after purchasing an additional 104,000 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

About Vipshop

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.