Vipshop (NYSE:VIPS) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Vipshop (NYSE:VIPS) from a hold rating to a buy rating in a report issued on Sunday morning.

Several other brokerages have also issued reports on VIPS. Bank of America restated an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. UBS Group set a $18.50 target price on shares of Vipshop and gave the stock a “buy” rating in a research note on Friday, May 22nd. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. Finally, Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.02.

Vipshop Price Performance

Shares of VIPS stock opened at $14.14 on Friday. The firm’s 50-day moving average is $14.15 and its two-hundred day moving average is $15.13. Vipshop has a 12 month low of $12.65 and a 12 month high of $21.08. The company has a market capitalization of $6.77 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67.

Institutional Trading of Vipshop

Several hedge funds have recently added to or reduced their stakes in VIPS. Ramsey Quantitative Systems purchased a new position in shares of Vipshop during the second quarter worth about $117,000. Handelsbanken Fonder AB increased its position in Vipshop by 16.7% during the second quarter. Handelsbanken Fonder AB now owns 322,995 shares of the technology company’s stock worth $4,283,000 after buying an additional 46,150 shares during the period. Carmignac Gestion lifted its stake in Vipshop by 7.7% in the first quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company’s stock valued at $70,510,000 after buying an additional 319,375 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Vipshop by 100.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock valued at $58,000 after buying an additional 1,864 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of Vipshop by 26.5% in the first quarter. Quantinno Capital Management LP now owns 129,921 shares of the technology company’s stock valued at $2,042,000 after acquiring an additional 27,229 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.