Vipshop (NYSE:VIPS) Given New $21.00 Price Target at JPMorgan Chase & Co.

Vipshop (NYSE:VIPS) had its price target reduced by JPMorgan Chase & Co. from $22.00 to $21.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other equities research analysts also recently issued reports on VIPS. Zacks Research raised shares of Vipshop from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a report on Friday, February 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a research report on Friday. Jefferies Financial Group restated a “buy” rating on shares of Vipshop in a research note on Thursday, February 26th. Finally, Wall Street Zen lowered Vipshop from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.48.

Vipshop Trading Down 1.6%

NYSE VIPS opened at $15.75 on Tuesday. The stock has a fifty day simple moving average of $16.79 and a 200-day simple moving average of $18.19. The stock has a market cap of $8.07 billion, a PE ratio of 7.91, a P/E/G ratio of 1.31 and a beta of 0.67. Vipshop has a twelve month low of $12.14 and a twelve month high of $21.08.

Vipshop Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, April 10th. This is a positive change from Vipshop’s previous annual dividend of $0.43. This represents a dividend yield of 342.0%. Vipshop’s payout ratio is 24.12%.

Institutional Investors Weigh In On Vipshop

Hedge funds have recently added to or reduced their stakes in the business. Arax Advisory Partners grew its stake in shares of Vipshop by 96.8% in the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock worth $25,000 after acquiring an additional 692 shares in the last quarter. Richardson Financial Services Inc. raised its stake in shares of Vipshop by 153.8% in the fourth quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,250 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Vipshop by 8,472.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock valued at $38,000 after acquiring an additional 2,118 shares in the last quarter. Global Retirement Partners LLC boosted its holdings 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, Cooper Investors PTY Ltd. acquired a new position in Vipshop during the 4th quarter worth $58,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

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.