Vipshop Holdings Limited (NYSE:VIPS) Given Average Rating of “Hold” by Analysts

Shares of Vipshop Holdings Limited (NYSE:VIPS) have received a consensus rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $19.8250.

Several equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Vipshop from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Benchmark reissued a “hold” rating on shares of Vipshop in a research note on Friday, November 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a research note on Monday, December 8th. Citigroup reiterated a “neutral” rating on shares of Vipshop in a report on Thursday, November 20th. Finally, JPMorgan Chase & Co. increased their price target on Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, November 21st.

Institutional Investors Weigh In On Vipshop

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Natixis Advisors LLC bought a new position in shares of Vipshop during the 1st quarter worth about $237,000. Charles Schwab Investment Management Inc. raised its stake in Vipshop by 10.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,246,500 shares of the technology company’s stock worth $35,225,000 after buying an additional 211,166 shares during the period. Citigroup Inc. grew its stake in Vipshop by 8.5% in the first quarter. Citigroup Inc. now owns 1,276,519 shares of the technology company’s stock valued at $20,016,000 after acquiring an additional 99,517 shares during the period. National Bank of Canada FI increased its holdings in shares of Vipshop by 12,654.0% during the first quarter. National Bank of Canada FI now owns 1,151,563 shares of the technology company’s stock valued at $18,056,000 after acquiring an additional 1,142,534 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Vipshop by 10.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,235,341 shares of the technology company’s stock worth $19,370,000 after purchasing an additional 116,296 shares during the period. 48.82% of the stock is owned by institutional investors.

Vipshop Stock Performance

Vipshop stock opened at $20.07 on Monday. Vipshop has a 52-week low of $12.14 and a 52-week high of $21.08. The firm has a 50 day moving average price of $19.21 and a two-hundred day moving average price of $17.28. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.90 and a beta of 0.73.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.