Vipshop (NYSE:VIPS) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research report sent to investors on Sunday morning.

A number of other equities research analysts have also weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $22.60 target price on shares of Vipshop in a research note on Tuesday, December 30th. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Friday, November 21st. JPMorgan Chase & Co. raised their target price on 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 report on Monday, December 29th. Finally, Zacks Research cut shares of Vipshop from a “hold” rating to a “strong sell” rating in a research note on Monday, December 22nd. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Vipshop currently has a consensus rating of “Hold” and a consensus target price of $20.38.

Vipshop Stock Up 0.4%

Shares of VIPS stock opened at $17.94 on Friday. The company has a 50 day moving average price of $19.13 and a 200-day moving average price of $17.78. Vipshop has a 52 week low of $12.14 and a 52 week high of $21.08. The firm has a market capitalization of $9.20 billion, a PE ratio of 9.44, a P/E/G ratio of 1.52 and a beta of 0.72.

Hedge Funds Weigh In On Vipshop

Large investors have recently added to or reduced their stakes in the company. Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of Vipshop during the second quarter valued at about $256,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Vipshop by 12.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 446,034 shares of the technology company’s stock valued at $6,994,000 after buying an additional 49,632 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in Vipshop during the 2nd quarter valued at approximately $282,000. 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 acquiring an additional 2,483,294 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of Vipshop by 721.9% during the 2nd quarter. Quadrant Capital Group LLC now owns 126,094 shares of the technology company’s stock worth $1,898,000 after acquiring an additional 110,752 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

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.