Analysts Set Vipshop Holdings Limited (NYSE:VIPS) Price Target at $20.38

Vipshop Holdings Limited (NYSE:VIPS) has been assigned an average rating of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $20.38.

A number of research firms have issued reports on VIPS. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Friday, November 21st. Jefferies Financial Group reissued a “buy” rating and issued a $22.60 target price on shares of Vipshop in a report on Tuesday, December 30th. JPMorgan Chase & Co. boosted their price target on shares of Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a research note on Monday, December 29th. Finally, Barclays lifted their price objective on shares of Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st.

Vipshop Stock Up 0.3%

Shares of Vipshop stock opened at $17.74 on Friday. Vipshop has a twelve month low of $12.14 and a twelve month high of $21.08. The business has a 50-day moving average price of $19.16 and a 200-day moving average price of $17.74. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 1.51 and a beta of 0.72.

Institutional Investors Weigh In On Vipshop

Several large investors have recently added to or reduced their stakes in VIPS. Krane Funds Advisors LLC lifted its position in shares of Vipshop by 24.9% during the third quarter. Krane Funds Advisors LLC now owns 17,185,535 shares of the technology company’s stock worth $320,424,000 after purchasing an additional 3,426,079 shares during the last quarter. Acadian Asset Management LLC increased its stake in Vipshop by 17.4% in the 1st quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company’s stock worth $262,757,000 after buying an additional 2,483,294 shares during the period. Invesco Ltd. lifted its holdings in Vipshop by 87.2% during the 3rd quarter. Invesco Ltd. now owns 16,715,656 shares of the technology company’s stock valued at $328,295,000 after buying an additional 7,785,027 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Vipshop by 2.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 12,204,449 shares of the technology company’s stock valued at $239,695,000 after buying an additional 323,058 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Vipshop by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,467,566 shares of the technology company’s stock valued at $166,182,000 after buying an additional 163,770 shares during the period. 48.82% of the stock is owned by institutional investors.

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.