Vipshop (NYSE:VIPS) Stock Rating Upgraded by Wall Street Zen

Vipshop (NYSE:VIPS) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other research analysts have also recently issued reports on VIPS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a report on Monday, December 22nd. Zacks Research cut Vipshop from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a report on Thursday, November 20th. Barclays boosted their target price on Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a research report on Friday, November 21st. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Vipshop presently has a consensus rating of “Hold” and a consensus price target of $19.83.

Vipshop Stock Down 0.7%

NYSE:VIPS opened at $19.44 on Friday. The firm’s fifty day simple moving average is $19.21 and its 200-day simple moving average is $17.63. The stock has a market cap of $9.97 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 1.85 and a beta of 0.73. Vipshop has a fifty-two week low of $12.14 and a fifty-two week high of $21.08.

Institutional Trading of Vipshop

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted 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 purchasing an additional 1,726 shares during the period. Global Retirement Partners LLC increased its stake in Vipshop by 575.5% in the third quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock valued at $57,000 after purchasing an additional 2,492 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Vipshop by 1,187.1% in the second quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock valued at $49,000 after purchasing an additional 3,027 shares during the last quarter. Huntington National Bank lifted its position in Vipshop by 53.8% during the second quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock worth $50,000 after buying an additional 1,163 shares during the period. Finally, Tobam acquired a new stake in Vipshop in the 2nd quarter worth about $91,000. 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.