Analysts Set Vipshop Holdings Limited (NYSE:VIPS) Target Price at $21.02

Vipshop Holdings Limited (NYSE:VIPS) has been given an average rating of “Moderate Buy” by the ten analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $21.02.

Several research firms have recently issued reports on VIPS. UBS Group set a $18.50 target price on shares of Vipshop and gave the company a “buy” rating in a report on Friday, May 22nd. Weiss Ratings downgraded Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Wall Street Zen raised Vipshop from a “hold” rating to a “buy” rating in a research report on Sunday. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Finally, Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd.

Vipshop Price Performance

Shares of NYSE VIPS opened at $14.04 on Friday. Vipshop has a 1 year low of $12.65 and a 1 year high of $21.08. The stock has a market cap of $6.72 billion, a P/E ratio of 6.59, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The firm has a 50-day moving average of $14.15 and a 200 day moving average of $15.11.

Hedge Funds Weigh In On Vipshop

Several large investors have recently modified their holdings of VIPS. Arax Advisory Partners grew its position in Vipshop by 96.8% during the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after purchasing an additional 692 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Vipshop by 8,472.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,118 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Vipshop by 100.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock worth $58,000 after buying an additional 1,864 shares during the last quarter. State of Wyoming raised its holdings in Vipshop by 10,007.7% in the first quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock worth $103,000 after buying an additional 6,505 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in Vipshop by 104.3% in the fourth quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock worth $106,000 after buying an additional 3,050 shares during the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

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.