Vipshop (NYSE:VIPS) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research note released on Saturday morning.

VIPS has been the topic of several other research reports. UBS Group set a $18.50 price target on shares of Vipshop and gave the stock a “buy” rating in a research note on Friday, May 22nd. Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. Finally, Bank of America restated an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.68.

Vipshop Stock Performance

Shares of NYSE VIPS opened at $15.65 on Friday. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 1.58 and a beta of 0.67. The business has a 50 day simple moving average of $14.10 and a 200 day simple moving average of $15.24. Vipshop has a 52 week low of $12.65 and a 52 week high of $21.08.

Hedge Funds Weigh In On Vipshop

Several large investors have recently made changes to their positions in the business. Ramsey Quantitative Systems bought a new position in Vipshop in the 2nd quarter worth approximately $117,000. Handelsbanken Fonder AB boosted its position in shares of Vipshop by 16.7% in the second quarter. Handelsbanken Fonder AB now owns 322,995 shares of the technology company’s stock valued at $4,283,000 after acquiring an additional 46,150 shares during the period. Carmignac Gestion boosted its position in shares of 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 acquiring an additional 319,375 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Vipshop by 100.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock worth $58,000 after acquiring an additional 1,864 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake 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 worth $2,042,000 after acquiring an additional 27,229 shares during the last quarter. 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.