Vipshop Holdings Limited (NYSE:VIPS) Given Average Rating of “Hold” by Brokerages

Vipshop Holdings Limited (NYSE:VIPS) has been given a consensus recommendation of “Hold” by the seven research firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $17.50.

VIPS has been the topic of a number of recent research reports. Citigroup cut their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. StockNews.com cut Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Barclays began coverage on Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective for the company.

Hedge Funds Weigh In On Vipshop

Several hedge funds have recently made changes to their positions in the company. Krane Funds Advisors LLC boosted its position in shares of Vipshop by 20.3% in the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock valued at $204,901,000 after purchasing an additional 2,659,117 shares during the period. Hhlr Advisors LTD. boosted its holdings in shares of Vipshop by 6.2% in the third quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock valued at $247,281,000 after acquiring an additional 914,322 shares during the period. First Beijing Investment Ltd purchased a new position in shares of Vipshop during the third quarter worth approximately $120,182,000. Dimensional Fund Advisors LP grew its position in shares of Vipshop by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,739,378 shares of the technology company’s stock worth $87,771,000 after acquiring an additional 343,739 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Vipshop by 2.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,559,051 shares of the technology company’s stock valued at $85,399,000 after acquiring an additional 184,000 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Price Performance

Shares of NYSE VIPS opened at $13.33 on Monday. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 6.38, a price-to-earnings-growth ratio of 1.56 and a beta of 0.31. The stock’s 50-day moving average is $13.86 and its two-hundred day moving average is $13.95. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.