Vipshop Holdings Limited (NYSE:VIPS) Given Average Rating of “Hold” by Brokerages

Shares of Vipshop Holdings Limited (NYSE:VIPS) have been given a consensus rating of “Hold” by the six brokerages that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $15.10.

A number of analysts recently weighed in on VIPS shares. Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday, May 29th. Citigroup cut Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a research note on Tuesday, April 1st. Finally, Barclays dropped their target price on Vipshop from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, May 22nd.

Vipshop Trading Down 1.0%

NYSE:VIPS opened at $14.82 on Monday. The firm has a 50 day moving average of $13.92 and a 200-day moving average of $14.38. Vipshop has a 1 year low of $11.50 and a 1 year high of $17.94. The stock has a market capitalization of $7.60 billion, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 1.52 and a beta of 0.57.

Institutional Investors Weigh In On Vipshop

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC lifted its holdings in Vipshop by 17.4% during the first quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company’s stock worth $262,757,000 after acquiring an additional 2,483,294 shares in the last quarter. Krane Funds Advisors LLC grew its stake in Vipshop by 7.8% in the first quarter. Krane Funds Advisors LLC now owns 15,839,097 shares of the technology company’s stock valued at $248,357,000 after purchasing an additional 1,148,307 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Vipshop by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company’s stock valued at $188,060,000 after acquiring an additional 79,254 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Vipshop by 13.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company’s stock worth $197,010,000 after acquiring an additional 1,456,862 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Vipshop by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,330,548 shares of the technology company’s stock valued at $130,731,000 after buying an additional 267,398 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

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.