Vipshop Holdings Limited (NYSE:VIPS) Receives Average Rating of “Hold” from Analysts

Shares of Vipshop Holdings Limited (NYSE:VIPS) have been given an average rating of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $19.8250.

VIPS has been the subject of a number of recent research reports. Barclays lifted their price objective on Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Friday, November 21st. Zacks Research lowered Vipshop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. JPMorgan Chase & Co. raised their price objective on shares of Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Finally, Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th.

Institutional Investors Weigh In On Vipshop

Several hedge funds have recently modified their holdings of VIPS. Swiss Life Asset Management Ltd raised its holdings in Vipshop by 20.7% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 44,005 shares of the technology company’s stock worth $864,000 after purchasing an additional 7,534 shares during the period. Danske Bank A S purchased a new stake in shares of Vipshop in the third quarter valued at approximately $3,591,000. XTX Topco Ltd purchased a new stake in shares of Vipshop in the third quarter valued at approximately $572,000. Voloridge Investment Management LLC acquired a new position in shares of Vipshop during the 3rd quarter worth approximately $9,625,000. Finally, Verity Asset Management Inc. purchased a new position in shares of Vipshop during the 3rd quarter valued at approximately $483,000. 48.82% of the stock is owned by hedge funds and other institutional investors.

Vipshop Price Performance

VIPS stock opened at $20.14 on Monday. The company has a market capitalization of $10.33 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 1.87 and a beta of 0.73. Vipshop has a 12 month low of $12.14 and a 12 month high of $21.08. The firm’s fifty day simple moving average is $19.20 and its 200-day simple moving average is $17.08.

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.