Vipshop (NYSE:VIPS) Rating Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research note released on Wednesday.

A number of other research firms have also recently weighed in on VIPS. Citigroup dropped their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Barclays assumed coverage on Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective on the stock. Finally, Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.50.

Vipshop Trading Down 0.9 %

VIPS opened at $15.34 on Wednesday. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19. The stock’s fifty day simple moving average is $13.91 and its 200 day simple moving average is $13.94. The stock has a market cap of $7.87 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 1.59 and a beta of 0.30.

Institutional Trading of Vipshop

Several large investors have recently modified their holdings of the stock. Signaturefd LLC grew its holdings in shares of Vipshop by 5.1% during the 3rd quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock worth $263,000 after purchasing an additional 817 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Vipshop by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock worth $770,000 after purchasing an additional 954 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in shares of Vipshop by 10.8% during the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,191 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Vipshop by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company’s stock worth $349,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Vipshop by 17.5% during the 4th quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock worth $134,000 after purchasing an additional 1,487 shares in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

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.