Vipshop Holdings Limited (NYSE:VIPS) Receives $20.68 Average Target Price from Brokerages

Vipshop Holdings Limited (NYSE:VIPS) has earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $20.6833.

Several equities research analysts recently commented on the company. Weiss Ratings lowered Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. lowered their target price on Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Bank of America reissued an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. Wall Street Zen cut Vipshop from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, UBS Group set a $18.50 price objective on shares of Vipshop and gave the stock a “buy” rating in a research report on Friday, May 22nd.

Institutional Investors Weigh In On Vipshop

A number of large investors have recently bought and sold shares of the stock. Ramsey Quantitative Systems bought a new stake in Vipshop in the second quarter valued at $117,000. Handelsbanken Fonder AB boosted its position in shares of Vipshop by 16.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 322,995 shares of the technology company’s stock worth $4,283,000 after purchasing an additional 46,150 shares in the last quarter. Carmignac Gestion boosted its position in shares of Vipshop by 7.7% during the 1st quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company’s stock worth $70,510,000 after purchasing an additional 319,375 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Vipshop by 100.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock valued at $58,000 after buying an additional 1,864 shares during the period. Finally, Quantinno Capital Management LP grew its stake in shares of Vipshop by 26.5% in the 1st quarter. Quantinno Capital Management LP now owns 129,921 shares of the technology company’s stock valued at $2,042,000 after buying an additional 27,229 shares during the period. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Trading Down 1.9%

Shares of VIPS opened at $14.40 on Tuesday. The firm’s fifty day simple moving average is $13.90 and its two-hundred day simple moving average is $15.44. Vipshop has a 12 month low of $12.65 and a 12 month high of $21.08. The stock has a market capitalization of $6.89 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 1.48 and a beta of 0.67.

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.