Vipshop (NYSE:VIPS) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Several other equities analysts have also commented on the stock. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. Weiss Ratings downgraded shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Bank of America reissued an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. Finally, UBS Group set a $18.50 price objective on shares of Vipshop and gave the company a “buy” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.68.

Vipshop Trading Down 1.2%

Shares of NYSE:VIPS opened at $15.49 on Friday. The stock’s 50-day moving average price is $14.12 and its two-hundred day moving average price is $15.22. Vipshop has a 12-month low of $12.65 and a 12-month high of $21.08. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 1.58 and a beta of 0.67.

Hedge Funds Weigh In On Vipshop

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arax Advisory Partners increased its position in shares of Vipshop by 96.8% during the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock worth $25,000 after acquiring an additional 692 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in Vipshop by 153.8% in the fourth quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,250 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Vipshop by 8,472.0% in the fourth 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 during the last quarter. EverSource Wealth Advisors LLC grew its stake in Vipshop by 100.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock valued at $58,000 after purchasing an additional 1,864 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in Vipshop by 104.3% during the 4th quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock valued at $106,000 after purchasing an additional 3,050 shares in the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

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.