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

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) has been given an average recommendation of "Hold" by the seven analysts that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $17.50.

A number of brokerages recently commented on VIPS. Barclays began coverage on shares of Vipshop in a research note on Wednesday, November 6th. They issued an "overweight" rating and a $19.00 price objective on the stock. StockNews.com cut shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Wednesday. Citigroup lowered their price objective on shares of Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, November 20th. Finally, Benchmark reissued a "hold" rating on shares of Vipshop in a research note on Wednesday, November 20th.

Institutional Investors Weigh In On Vipshop

Several hedge funds have recently modified their holdings of the company. Atomi Financial Group Inc. boosted its position in shares of Vipshop by 6.8% in the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock worth $174,000 after acquiring an additional 702 shares during the last quarter. Signaturefd LLC boosted its position in shares of Vipshop by 5.1% in the third quarter. Signaturefd LLC now owns 16,704 shares of the technology company's stock worth $263,000 after acquiring an additional 817 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Vipshop by 2.0% in the third quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company's stock worth $770,000 after acquiring an additional 954 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Vipshop by 5.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company's stock worth $349,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company's stock worth $134,000 after acquiring an additional 1,487 shares during the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Trading Down 0.9 %

Shares of VIPS traded down $0.14 during trading hours on Tuesday, reaching $15.34. The company had a trading volume of 3,497,063 shares, compared to its average volume of 3,231,992. The firm has a 50 day simple moving average of $13.91 and a 200-day simple moving average of $13.94. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 1.59 and a beta of 0.30. Vipshop has a 12-month low of $11.50 and a 12-month high of $20.19.

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.