Vipshop Holdings Limited (NYSE:VIPS) Receives $17.50 Average Price Target from Analysts

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $17.50.

A number of equities analysts recently issued reports on the company. Citigroup lowered their price target on Vipshop from $18.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, November 20th. UBS Group downgraded shares of Vipshop from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. Barclays assumed coverage on shares of Vipshop in a report on Wednesday, November 6th. They issued an "overweight" rating and a $19.00 target price on the stock. CLSA downgraded shares of Vipshop from an "outperform" rating to a "hold" rating and reduced their price objective for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Finally, Benchmark reissued a "hold" rating on shares of Vipshop in a report on Wednesday, November 20th.

Institutional Trading of Vipshop

Several institutional investors and hedge funds have recently made changes to their positions in VIPS. Krane Funds Advisors LLC lifted its stake in Vipshop by 20.3% in the second quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company's stock valued at $204,901,000 after buying an additional 2,659,117 shares during the period. Hhlr Advisors LTD. raised its position in shares of Vipshop by 6.2% in the 3rd 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. Vanguard Group Inc. boosted its stake in Vipshop by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company's stock worth $227,772,000 after acquiring an additional 248,743 shares during the last quarter. First Beijing Investment Ltd acquired a new stake in Vipshop in the third quarter worth $120,182,000. Finally, Dimensional Fund Advisors LP boosted 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 purchasing an additional 343,739 shares in the last quarter. Institutional investors own 48.82% of the company's stock.

Vipshop Trading Up 3.3 %

NYSE VIPS traded up $0.43 on Thursday, reaching $13.57. 1,996,262 shares of the company were exchanged, compared to its average volume of 3,922,555. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The business's fifty day moving average price is $14.70 and its 200 day moving average price is $14.34. The stock has a market capitalization of $7.36 billion, a P/E ratio of 6.49, a price-to-earnings-growth ratio of 1.55 and a beta of 0.34.

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.