Vipshop (NYSE:VIPS) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Vipshop (NYSE:VIPSGet Rating) from a hold rating to a buy rating in a research note published on Wednesday morning.

VIPS has been the subject of several other reports. HSBC decreased their price objective on shares of Vipshop from $10.10 to $9.60 and set a hold rating for the company in a report on Thursday, September 29th. Morgan Stanley decreased their price objective on shares of Vipshop from $10.00 to $8.50 in a report on Monday, October 31st. Daiwa Capital Markets decreased their price target on shares of Vipshop from $10.00 to $8.80 in a research note on Thursday, September 29th. The Goldman Sachs Group increased their price target on shares of Vipshop from $10.10 to $11.40 and gave the stock a neutral rating in a research note on Wednesday. Finally, Citigroup decreased their price target on shares of Vipshop from $10.90 to $10.00 in a research note on Thursday, October 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $9.66.

Vipshop Trading Up 5.3 %

Shares of NYSE VIPS opened at $9.71 on Wednesday. Vipshop has a 12 month low of $5.75 and a 12 month high of $11.97. The firm has a market capitalization of $6.59 billion, a PE ratio of 7.83 and a beta of 0.45. The firm has a fifty day simple moving average of $8.40 and a two-hundred day simple moving average of $9.34.

Institutional Trading of Vipshop

A number of institutional investors and hedge funds have recently bought and sold shares of VIPS. Huntington National Bank increased its stake in Vipshop by 121.0% during the 3rd quarter. Huntington National Bank now owns 3,487 shares of the technology company’s stock valued at $29,000 after purchasing an additional 1,909 shares in the last quarter. Sargent Bickham Lagudis LLC bought a new stake in Vipshop during the 3rd quarter valued at about $34,000. Public Employees Retirement Association of Colorado bought a new stake in Vipshop during the 3rd quarter valued at about $42,000. Employees Retirement System of Texas bought a new stake in Vipshop during the 2nd quarter valued at about $43,000. Finally, Wipfli Financial Advisors LLC bought a new stake in Vipshop during the 3rd quarter valued at about $51,000. 52.29% of the stock is currently owned by institutional investors.

Vipshop Company Profile

(Get Rating)

Vipshop Holdings Limited operates online platforms for various brands in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items.

Further Reading

Analyst Recommendations for Vipshop (NYSE:VIPS)

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