Analysts Set Vipshop Holdings Limited (NYSE:VIPS) Target Price at $17.50

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) has been assigned a consensus rating of "Hold" from the seven research firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $17.50.

A number of equities analysts have weighed in on VIPS shares. Morgan Stanley reduced their price objective on shares of Vipshop from $16.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 20th. Benchmark reiterated a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Citigroup decreased their price objective on Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, November 20th. Barclays assumed coverage on shares of Vipshop in a research note on Wednesday, November 6th. They set an "overweight" rating and a $19.00 price target on the stock. Finally, CLSA lowered shares of Vipshop from an "outperform" rating to a "hold" rating and reduced their price objective for the stock from $15.80 to $12.00 in a research report on Wednesday, August 21st.

Vipshop Price Performance

Shares of NYSE:VIPS traded up $0.43 during midday trading on Thursday, hitting $13.57. 1,996,262 shares of the company's stock were exchanged, compared to its average volume of 3,922,555. The stock has a 50 day moving average price of $14.70 and a 200-day moving average price of $14.34. Vipshop has a 12 month low of $11.50 and a 12 month high of $20.19. The company has a market cap of $7.36 billion, a PE ratio of 6.49, a price-to-earnings-growth ratio of 1.55 and a beta of 0.34.

Institutional Trading of Vipshop

A number of large investors have recently modified their holdings of VIPS. Krane Funds Advisors LLC grew its position in 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 buying an additional 2,659,117 shares during the last quarter. Hhlr Advisors LTD. increased its stake in shares of Vipshop by 6.2% during the third quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company's stock worth $247,281,000 after acquiring an additional 914,322 shares during the period. Vanguard Group Inc. raised its holdings in Vipshop by 1.8% during the first quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company's stock worth $227,772,000 after purchasing an additional 248,743 shares in the last quarter. First Beijing Investment Ltd purchased a new stake in Vipshop in the 3rd quarter valued at approximately $120,182,000. Finally, Dimensional Fund Advisors LP increased its position in Vipshop by 5.4% during the 2nd 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 during the period. 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.