Vipshop (NYSE:VIPS) Shares Cross Below 200-Day Moving Average - Here's What Happened

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.87 and traded as low as $13.00. Vipshop shares last traded at $13.47, with a volume of 3,013,768 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of Vipshop from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Benchmark restated a "hold" rating on shares of Vipshop in a report on Wednesday, November 20th. Citigroup decreased their price objective on shares of Vipshop from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, November 20th. Finally, Barclays assumed 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. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $17.50.

Vipshop Stock Down 3.0 %

The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 6.25, a P/E/G ratio of 1.56 and a beta of 0.31. The company has a fifty day moving average price of $13.78 and a two-hundred day moving average price of $13.87.

Institutional Investors Weigh In On Vipshop

Several hedge funds have recently made changes to their positions in VIPS. Atomi Financial Group Inc. increased its stake in Vipshop by 6.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock valued at $174,000 after buying an additional 702 shares during the period. Signaturefd LLC increased its stake in shares of Vipshop by 5.1% during 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 period. Asset Management One Co. Ltd. raised its holdings in Vipshop by 2.0% during the third quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company's stock worth $770,000 after purchasing an additional 954 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its position in Vipshop by 0.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company's stock valued at $4,691,000 after purchasing an additional 2,055 shares during the period. Finally, National Pension Service boosted its holdings in Vipshop by 2.0% in the 3rd quarter. National Pension Service now owns 107,152 shares of the technology company's stock valued at $1,686,000 after purchasing an additional 2,074 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company's stock.

About Vipshop

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.