Vipshop Holdings Limited (NYSE:VIPS) Receives $17.50 Consensus Target Price from Brokerages

Shares of Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $17.50.

Several research analysts have recently weighed in on VIPS shares. Citigroup lowered their price objective on Vipshop from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, November 20th. Barclays started 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 report on Wednesday, November 20th. Finally, StockNews.com lowered shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th.

Institutional Investors Weigh In On Vipshop

Institutional investors and hedge funds have recently made changes to their positions in the business. DGS Capital Management LLC increased its holdings in Vipshop by 9.4% during the 3rd quarter. DGS Capital Management LLC now owns 46,235 shares of the technology company's stock worth $727,000 after purchasing an additional 3,982 shares in the last quarter. Franklin Resources Inc. grew its holdings in Vipshop by 5.3% during the third quarter. Franklin Resources Inc. now owns 382,922 shares of the technology company's stock worth $6,299,000 after buying an additional 19,367 shares in the last quarter. Tidal Investments LLC purchased a new stake in Vipshop in the 3rd quarter valued at $599,000. Geode Capital Management LLC lifted its stake in Vipshop by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,256,744 shares of the technology company's stock valued at $50,937,000 after acquiring an additional 176,037 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Vipshop during the 3rd quarter worth $14,938,000. Institutional investors and hedge funds own 48.82% of the company's stock.

Vipshop Price Performance

Shares of VIPS traded up $0.03 during trading hours on Monday, hitting $13.61. 963,960 shares of the stock were exchanged, compared to its average volume of 3,842,993. The firm has a market capitalization of $6.99 billion, a P/E ratio of 6.51, a price-to-earnings-growth ratio of 1.56 and a beta of 0.31. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The business has a 50-day moving average of $13.99 and a 200-day moving average of $14.00.

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.