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

Vipshop Holdings Limited (NYSE:VIPS) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $18.3250.

Several equities research analysts have commented on VIPS shares. Bank of America dropped their target price on Vipshop from $17.80 to $17.30 and set a “buy” rating on the stock in a report on Friday, July 18th. Citigroup raised their price objective on shares of Vipshop from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, August 15th. JPMorgan Chase & Co. decreased their target price on shares of Vipshop from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, June 30th. Zacks Research cut Vipshop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Finally, Wall Street Zen upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th.

Vipshop Stock Up 3.0%

Shares of VIPS stock opened at $19.66 on Wednesday. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 2.15 and a beta of 0.70. The business’s fifty day moving average is $16.98 and its 200 day moving average is $15.42. Vipshop has a twelve month low of $12.14 and a twelve month high of $19.83.

Institutional Trading of Vipshop

A number of institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC purchased a new position in shares of Vipshop during the second quarter valued at approximately $199,000. Squarepoint Ops LLC raised its stake in Vipshop by 46.7% during the 2nd quarter. Squarepoint Ops LLC now owns 63,139 shares of the technology company’s stock valued at $950,000 after buying an additional 20,088 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Vipshop by 1.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 125,249 shares of the technology company’s stock valued at $1,885,000 after buying an additional 1,300 shares during the period. Headlands Technologies LLC purchased a new position in shares of Vipshop in the 2nd quarter worth $623,000. Finally, Tidal Investments LLC grew its holdings in shares of Vipshop by 18.1% in the second quarter. Tidal Investments LLC now owns 49,326 shares of the technology company’s stock worth $742,000 after acquiring an additional 7,577 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

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.