Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) has earned a consensus rating of "Hold" from the seven analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $17.50.
A number of equities research analysts have commented on VIPS shares. Citigroup reduced their price target on Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, November 20th. StockNews.com lowered Vipshop from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Barclays started coverage on Vipshop in a research report on Wednesday, November 6th. They issued an "overweight" rating and a $19.00 price target on the stock. Finally, Benchmark reiterated a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th.
View Our Latest Report on VIPS
Vipshop Stock Performance
Shares of Vipshop stock traded up $0.28 during trading on Friday, reaching $13.45. 2,527,715 shares of the company's stock were exchanged, compared to its average volume of 3,528,938. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19. The firm's 50-day moving average price is $13.49 and its 200 day moving average price is $13.79. The company has a market cap of $6.90 billion, a P/E ratio of 6.44, a PEG ratio of 1.36 and a beta of 0.31.
Institutional Investors Weigh In On Vipshop
Several institutional investors and hedge funds have recently made changes to their positions in VIPS. Venturi Wealth Management LLC bought a new stake in shares of Vipshop during the 3rd quarter valued at about $56,000. Employees Retirement System of Texas boosted its position in shares of Vipshop by 143.2% during the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company's stock valued at $60,000 after purchasing an additional 2,717 shares in the last quarter. Blue Trust Inc. boosted its holdings in Vipshop by 140.6% in the third quarter. Blue Trust Inc. now owns 8,485 shares of the technology company's stock worth $133,000 after acquiring an additional 4,958 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in Vipshop by 10.8% in the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock worth $165,000 after acquiring an additional 1,191 shares in the last quarter. Finally, Polymer Capital Management HK LTD bought a new position in Vipshop in the third quarter worth approximately $175,000. Institutional investors own 48.82% of the company's stock.
About Vipshop
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Get Free ReportVipshop 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.
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