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

Vipshop Holdings Limited (NYSE:VIPS) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $20.38.

Several equities research analysts have recently issued reports on VIPS shares. Jefferies Financial Group restated a “buy” rating and set a $22.60 price target on shares of Vipshop in a research note on Tuesday. Zacks Research lowered Vipshop from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. Citigroup restated a “neutral” rating on shares of Vipshop in a research note on Thursday, November 20th. Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Friday, November 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a report on Monday.

Vipshop Stock Performance

VIPS opened at $17.69 on Friday. The firm has a market cap of $9.07 billion, a P/E ratio of 9.31, a PEG ratio of 1.68 and a beta of 0.72. The firm has a 50-day moving average of $19.18 and a 200 day moving average of $17.68. Vipshop has a fifty-two week low of $12.14 and a fifty-two week high of $21.08.

Institutional Trading of Vipshop

Institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Vipshop by 12.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 446,034 shares of the technology company’s stock worth $6,994,000 after acquiring an additional 49,632 shares during the period. Millennium Management LLC increased its holdings in shares of Vipshop by 33.3% in the first quarter. Millennium Management LLC now owns 1,386,985 shares of the technology company’s stock worth $21,748,000 after purchasing an additional 346,374 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Vipshop by 29.6% in the first quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock worth $77,326,000 after buying an additional 1,126,983 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Vipshop in the first quarter worth $1,653,000. Finally, Acadian Asset Management LLC boosted its stake 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 valued at $262,757,000 after buying an additional 2,483,294 shares during the period. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.