Vipshop Holdings Limited (NYSE:VIPS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Vipshop Holdings Limited (NYSE:VIPS) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $21.02.

A number of analysts have commented on the company. UBS Group set a $18.50 price target on Vipshop and gave the stock a “buy” rating in a research report on Friday, May 22nd. Benchmark reissued a “hold” rating on shares of Vipshop in a report on Friday, May 22nd. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Wall Street Zen upgraded Vipshop from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Weiss Ratings downgraded shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th.

Hedge Funds Weigh In On Vipshop

Institutional investors and hedge funds have recently modified their holdings of the stock. Arax Advisory Partners boosted its stake in shares of Vipshop by 96.8% during the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock worth $25,000 after acquiring an additional 692 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Vipshop by 8,472.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,118 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Vipshop by 100.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,864 shares during the period. State of Wyoming raised its holdings in Vipshop by 10,007.7% in the 1st quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock worth $103,000 after purchasing an additional 6,505 shares during the period. Finally, Global Retirement Partners LLC boosted its position in Vipshop by 104.3% during the fourth quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock worth $106,000 after purchasing an additional 3,050 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Up 1.7%

Shares of VIPS stock opened at $14.46 on Friday. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 1.43 and a beta of 0.67. Vipshop has a 52-week low of $12.65 and a 52-week high of $21.08. The company’s 50 day moving average is $14.18 and its 200 day moving average is $15.06.

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.