Vipshop Holdings Ltd – (VIPS) Given Average Rating of “Hold” by Analysts

Vipshop Holdings Ltd – (NYSE:VIPS) has earned a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $13.49.

A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. JPMorgan Chase & Co. cut their price objective on shares of Vipshop from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, November 22nd. BidaskClub lowered shares of Vipshop from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 10th. KeyCorp set a $13.00 price objective on shares of Vipshop and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, HSBC upgraded shares of Vipshop from a “reduce” rating to a “hold” rating in a report on Wednesday.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Comgest Global Investors S.A.S. increased its position in shares of Vipshop by 1.0% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 24,948,420 shares of the technology company’s stock worth $219,297,000 after purchasing an additional 244,617 shares during the last quarter. BlackRock Inc. grew its position in shares of Vipshop by 0.9% during the 2nd quarter. BlackRock Inc. now owns 17,994,330 shares of the technology company’s stock valued at $189,841,000 after buying an additional 155,176 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Vipshop by 22.8% during the 3rd quarter. Schroder Investment Management Group now owns 13,252,891 shares of the technology company’s stock valued at $121,927,000 after buying an additional 2,461,480 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Vipshop by 23.4% during the 2nd quarter. Franklin Resources Inc. now owns 10,714,153 shares of the technology company’s stock valued at $113,035,000 after buying an additional 2,034,474 shares during the last quarter. Finally, Prudential PLC grew its position in shares of Vipshop by 49.2% during the 2nd quarter. Prudential PLC now owns 8,708,200 shares of the technology company’s stock valued at $91,872,000 after buying an additional 2,871,600 shares during the last quarter. 53.22% of the stock is owned by institutional investors.

Shares of Vipshop (NYSE:VIPS) traded down $0.19 during mid-day trading on Friday, reaching $12.01. 8,943,700 shares of the company’s stock were exchanged, compared to its average volume of 9,170,300. Vipshop has a 52-week low of $7.79 and a 52-week high of $15.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.05 and a quick ratio of 0.74. The firm has a market cap of $7,130.00, a price-to-earnings ratio of 25.02 and a beta of 2.10.

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About Vipshop

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

Analyst Recommendations for Vipshop (NYSE:VIPS)

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