StockNews.com cut shares of Vipshop (NYSE:VIPS - Free Report) from a buy rating to a hold rating in a research note published on Wednesday.
A number of other equities research analysts also recently commented on the company. Barclays initiated coverage on Vipshop in a research report on Wednesday, November 6th. They issued an "overweight" rating and a $19.00 target price on the stock. Benchmark reaffirmed a "hold" rating on shares of Vipshop in a research report on Wednesday, November 20th. Finally, Citigroup reduced their price target 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. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $17.50.
View Our Latest Research Report on Vipshop
Vipshop Stock Down 0.9 %
NYSE:VIPS traded down $0.14 on Wednesday, hitting $15.34. The stock had a trading volume of 3,497,063 shares, compared to its average volume of 2,725,060. The company has a fifty day moving average price of $13.91 and a two-hundred day moving average price of $13.94. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 1.59 and a beta of 0.30.
Institutional Investors Weigh In On Vipshop
Several institutional investors have recently modified their holdings of VIPS. Venturi Wealth Management LLC acquired a new position in Vipshop during the third quarter worth $56,000. Blue Trust Inc. increased its holdings in Vipshop by 140.6% during the 3rd quarter. Blue Trust Inc. now owns 8,485 shares of the technology company's stock valued at $133,000 after acquiring an additional 4,958 shares in the last quarter. Jump Financial LLC acquired a new position in Vipshop during the fourth quarter worth about $161,000. Atomi Financial Group Inc. lifted its holdings in shares of Vipshop by 10.8% in the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company's stock valued at $165,000 after purchasing an additional 1,191 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Vipshop in the fourth quarter valued at approximately $165,000. Hedge funds and other institutional investors own 48.82% of the company's stock.
About Vipshop
(
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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.
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