Vipshop (NYSE:VIPS) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

VIPS has been the subject of several other research reports. Citigroup cut their price target on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Barclays began coverage on shares of Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target for the company. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.50.

Vipshop Price Performance

NYSE:VIPS opened at $14.91 on Wednesday. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 7.13, a price-to-earnings-growth ratio of 1.59 and a beta of 0.30. The company has a 50 day moving average price of $13.82 and a 200-day moving average price of $13.91. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19.

Institutional Investors Weigh In On Vipshop

Large investors have recently modified their holdings of the business. Lingohr Asset Management GmbH purchased a new stake in shares of Vipshop during the third quarter worth $921,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Vipshop by 179.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock valued at $62,670,000 after purchasing an additional 2,558,896 shares during the period. FMR LLC grew its holdings in shares of Vipshop by 8.5% in the third quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock valued at $32,579,000 after purchasing an additional 162,027 shares during the period. Ariose Capital Management Ltd purchased a new stake in shares of Vipshop in the third quarter valued at about $8,189,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Vipshop by 19.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,748,730 shares of the technology company’s stock valued at $27,508,000 after purchasing an additional 290,583 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

About Vipshop

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.