Vipshop (NYSE:VIPS) Stock Crosses Below 200-Day Moving Average – Here’s Why

Vipshop Holdings Limited (NYSE:VIPS)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.87 and traded as low as $13.00. Vipshop shares last traded at $13.47, with a volume of 3,013,768 shares.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on VIPS shares. Citigroup reduced their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Barclays assumed coverage on Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target on the stock. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Finally, StockNews.com cut shares of Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $17.50.

Vipshop Stock Up 1.0 %

The stock has a market capitalization of $6.78 billion, a PE ratio of 6.32, a P/E/G ratio of 1.56 and a beta of 0.31. The stock’s 50-day moving average is $13.78 and its 200 day moving average is $13.87.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VIPS. First Beijing Investment Ltd bought a new stake in Vipshop in the third quarter worth $120,182,000. Krane Funds Advisors LLC increased its holdings in shares of Vipshop by 20.3% during 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 acquiring an additional 2,659,117 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Vipshop by 179.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock valued at $62,670,000 after acquiring an additional 2,558,896 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Vipshop by 155.0% in the 2nd quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock valued at $45,347,000 after acquiring an additional 2,117,902 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Vipshop in the 3rd quarter worth approximately $14,938,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

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.