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

Wall Street Zen downgraded shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

VIPS has been the topic of several other reports. Citigroup increased their target price on shares of Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Zacks Research lowered shares of Vipshop from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vipshop in a report on Saturday, September 27th. Bank of America cut their price target on Vipshop from $17.80 to $17.30 and set a “buy” rating on the stock in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. reduced their price objective on Vipshop from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, June 30th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $18.33.

Vipshop Price Performance

Shares of VIPS stock opened at $20.42 on Friday. The stock has a market cap of $10.47 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 2.26 and a beta of 0.71. The stock has a 50-day moving average of $17.33 and a 200-day moving average of $15.51. Vipshop has a one year low of $12.14 and a one year high of $21.08.

Hedge Funds Weigh In On Vipshop

Several hedge funds have recently modified their holdings of VIPS. Corient Private Wealth LLC bought a new stake in Vipshop during the second quarter worth about $199,000. Squarepoint Ops LLC increased its position in shares of Vipshop by 46.7% during the 2nd quarter. Squarepoint Ops LLC now owns 63,139 shares of the technology company’s stock worth $950,000 after purchasing an additional 20,088 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of Vipshop by 1.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 125,249 shares of the technology company’s stock worth $1,885,000 after purchasing an additional 1,300 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Vipshop during the 2nd quarter worth approximately $623,000. Finally, Tidal Investments LLC boosted its holdings in shares of Vipshop by 18.1% in the 2nd quarter. Tidal Investments LLC now owns 49,326 shares of the technology company’s stock valued at $742,000 after buying an additional 7,577 shares during the last quarter. Institutional investors own 48.82% of the company’s stock.

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.