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

Vipshop Holdings Limited (NYSE:VIPS) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $20.38.

A number of analysts have recently weighed in on VIPS shares. Zacks Research upgraded shares of Vipshop from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. boosted their price objective on Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Benchmark restated a “hold” rating on shares of Vipshop in a research report on Friday, November 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Vipshop in a report on Monday, December 29th. Finally, Barclays increased their price target on Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, November 21st.

Institutional Investors Weigh In On Vipshop

Institutional investors have recently made changes to their positions in the company. KBC Group NV grew its stake in Vipshop by 31.6% in the fourth quarter. KBC Group NV now owns 140,581 shares of the technology company’s stock worth $2,487,000 after purchasing an additional 33,754 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Vipshop by 229.1% in the 4th quarter. Farther Finance Advisors LLC now owns 8,648 shares of the technology company’s stock worth $153,000 after buying an additional 6,020 shares during the period. Lester Murray Antman dba SimplyRich grew its position in shares of Vipshop by 0.7% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 147,719 shares of the technology company’s stock worth $2,613,000 after buying an additional 966 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of Vipshop by 17.3% during the fourth quarter. Ritholtz Wealth Management now owns 185,392 shares of the technology company’s stock valued at $3,280,000 after buying an additional 27,347 shares during the period. Finally, Richardson Financial Services Inc. raised its holdings 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. Institutional investors own 48.82% of the company’s stock.

Vipshop Stock Performance

VIPS stock opened at $17.39 on Tuesday. The firm has a fifty day moving average price of $18.85 and a 200 day moving average price of $18.05. Vipshop has a fifty-two week low of $12.14 and a fifty-two week high of $21.08. The firm has a market cap of $8.91 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 1.48 and a beta of 0.72.

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.