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

Shares of Vipshop Holdings Limited (NYSE:VIPS) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $20.38.

Several brokerages have issued reports on VIPS. Zacks Research raised Vipshop from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. Jefferies Financial Group reissued a “buy” rating and issued a $22.60 target price on shares of Vipshop in a research report on Tuesday, December 30th. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Friday, November 21st. Wall Street Zen cut Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Finally, Barclays raised their target price on shares of Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st.

Institutional Investors Weigh In On Vipshop

Several hedge funds have recently modified their holdings of the stock. Arax Advisory Partners increased its stake in Vipshop by 96.8% in the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after buying an additional 692 shares during the period. Richardson Financial Services Inc. increased its stake in shares of Vipshop by 153.8% during the fourth quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,250 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Vipshop by 8,876.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,244 shares of the technology company’s stock worth $40,000 after purchasing an additional 2,219 shares in the last quarter. Global Retirement Partners LLC lifted its position in Vipshop by 575.5% in the third quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock valued at $57,000 after purchasing an additional 2,492 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in Vipshop by 1,187.1% in the second quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock valued at $49,000 after purchasing an additional 3,027 shares during the period. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Performance

Shares of NYSE VIPS opened at $17.72 on Friday. The stock’s 50-day simple moving average is $18.00 and its 200-day simple moving average is $18.27. The firm has a market capitalization of $9.08 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 1.47 and a beta of 0.72. Vipshop has a fifty-two week low of $12.14 and a fifty-two week high of $21.08.

Vipshop Company Profile

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.