Vipshop Holdings Limited (NYSE:VIPS) Receives $17.50 Average Target Price from Analysts

Shares of Vipshop Holdings Limited (NYSE:VIPS) have earned an average rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $17.50.

A number of analysts recently issued reports on the stock. StockNews.com lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Barclays started coverage on Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target on the stock. Finally, Citigroup cut their price objective on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Atomi Financial Group Inc. grew its stake in Vipshop by 6.8% during the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after buying an additional 702 shares during the period. Signaturefd LLC boosted its position in Vipshop by 5.1% during the 3rd quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock worth $263,000 after purchasing an additional 817 shares during the period. Asset Management One Co. Ltd. increased its holdings in Vipshop by 2.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock valued at $770,000 after purchasing an additional 954 shares in the last quarter. Harvest Fund Management Co. Ltd raised its position in Vipshop by 0.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock valued at $4,691,000 after purchasing an additional 2,055 shares during the period. Finally, National Pension Service lifted its stake in shares of Vipshop by 2.0% during the third quarter. National Pension Service now owns 107,152 shares of the technology company’s stock worth $1,686,000 after purchasing an additional 2,074 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Stock Down 2.1 %

NYSE VIPS opened at $13.33 on Monday. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The business has a fifty day moving average of $13.84 and a 200-day moving average of $13.92. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 6.38, a price-to-earnings-growth ratio of 1.56 and a beta of 0.31.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.