Vipshop (NYSE:VIPS) Reaches New 52-Week Low – Here’s What Happened

Vipshop Holdings Limited (NYSE:VIPS)’s share price reached a new 52-week low on Wednesday . The company traded as low as $13.35 and last traded at $13.4850, with a volume of 778640 shares changing hands. The stock had previously closed at $13.68.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Nomura upgraded Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Friday, February 27th. Weiss Ratings lowered Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. UBS Group set a $18.50 target price on Vipshop and gave the stock a “buy” rating in a research note on Friday, May 22nd. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a report on Friday, May 22nd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Vipshop in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.20.

Vipshop Trading Down 2.0%

The stock’s fifty day moving average price is $14.46 and its 200 day moving average price is $16.52. The stock has a market cap of $6.42 billion, a P/E ratio of 6.30, a price-to-earnings-growth ratio of 1.39 and a beta of 0.65.

Hedge Funds Weigh In On Vipshop

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Arax Advisory Partners lifted its position in Vipshop by 96.8% in the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock worth $25,000 after buying an additional 692 shares during the last quarter. Richardson Financial Services Inc. grew its position in Vipshop by 153.8% during the fourth quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,250 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Vipshop by 8,472.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock worth $38,000 after acquiring an additional 2,118 shares in the last quarter. Cooper Investors PTY Ltd. purchased a new position in shares of Vipshop during the fourth quarter worth approximately $58,000. Finally, EverSource Wealth Advisors LLC lifted its holdings 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 worth $58,000 after acquiring an additional 1,864 shares during the last quarter. 48.82% of the stock is currently 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.