Vipshop Holdings Limited (NYSE:VIPS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Vipshop Holdings Limited (NYSE:VIPS) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $20.20.

A number of analysts recently issued reports on the company. Bank of America reissued an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Nomura raised Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Friday, February 27th. Weiss Ratings cut Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Vipshop in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. cut their price objective on Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 1,864 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Vipshop by 26.5% during the first quarter. Quantinno Capital Management LP now owns 129,921 shares of the technology company’s stock valued at $2,042,000 after purchasing an additional 27,229 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Vipshop by 0.9% during the first quarter. Lazard Asset Management LLC now owns 970,371 shares of the technology company’s stock valued at $15,254,000 after purchasing an additional 8,470 shares in the last quarter. State of Wyoming lifted its holdings in shares of Vipshop by 10,007.7% during the first quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock valued at $103,000 after purchasing an additional 6,505 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Vipshop by 48.3% in the first quarter. First Trust Advisors LP now owns 27,963 shares of the technology company’s stock worth $440,000 after acquiring an additional 9,106 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Performance

Shares of VIPS opened at $13.53 on Monday. The stock’s 50-day simple moving average is $14.71 and its 200 day simple moving average is $16.81. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 1.38 and a beta of 0.64. Vipshop has a 52-week low of $13.52 and a 52-week high of $21.08.

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.