Vipshop Holdings Limited (NYSE:VIPS) Receives $20.20 Average PT from Brokerages

Vipshop Holdings Limited (NYSE:VIPS) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.20.

A number of research firms have recently issued reports on VIPS. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Weiss Ratings lowered shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. UBS Group set a $18.50 price objective on shares of Vipshop and gave the company a “buy” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. decreased their target price on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a report on Friday, May 22nd.

Vipshop Price Performance

Shares of NYSE:VIPS opened at $13.27 on Friday. Vipshop has a 1 year low of $12.65 and a 1 year high of $21.08. The firm has a market capitalization of $6.35 billion, a PE ratio of 6.23, a P/E/G ratio of 1.36 and a beta of 0.67. The business’s 50 day moving average price is $14.01 and its 200-day moving average price is $15.95.

Hedge Funds Weigh In On Vipshop

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIPS. FIL Ltd increased its stake in shares of Vipshop by 2.6% in the 4th quarter. FIL Ltd now owns 18,891,105 shares of the technology company’s stock worth $334,184,000 after acquiring an additional 483,842 shares during the last quarter. Invesco Ltd. raised its stake in Vipshop by 0.9% during the fourth quarter. Invesco Ltd. now owns 16,864,626 shares of the technology company’s stock worth $298,335,000 after purchasing an additional 148,970 shares during the period. Orbis Allan Gray Ltd raised its stake in Vipshop by 12.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock worth $191,316,000 after purchasing an additional 1,227,325 shares during the period. Vanguard Group Inc. boosted its holdings in Vipshop by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock valued at $179,518,000 after purchasing an additional 149,758 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Vipshop by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,616,834 shares of the technology company’s stock valued at $152,493,000 after buying an additional 149,268 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

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.