Vipshop Holdings Limited (NYSE:VIPS) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $11.96 and last traded at $12.23, with a volume of 13493869 shares traded. The stock had previously closed at $12.86.
Several research analysts have recently issued reports on VIPS shares. Zacks Investment Research cut Vipshop from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 25th. Credit Suisse Group cut Vipshop from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $29.00 to $16.00 in a research note on Thursday, August 19th. UBS Group cut Vipshop from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $33.00 to $17.00 in a research note on Friday, September 3rd. Finally, Benchmark decreased their price target on Vipshop from $37.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 19th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vipshop presently has a consensus rating of “Hold” and a consensus target price of $28.27.
The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 8.86 and a beta of 0.56. The company has a fifty day moving average price of $15.93 and a two-hundred day moving average price of $23.45.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of Vipshop during the second quarter valued at $27,000. SRS Capital Advisors Inc. purchased a new stake in shares of Vipshop during the second quarter valued at $30,000. Huntington National Bank lifted its holdings in shares of Vipshop by 141.2% during the second quarter. Huntington National Bank now owns 2,499 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,463 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Vipshop by 36.1% during the first quarter. Quadrant Capital Group LLC now owns 2,026 shares of the technology company’s stock valued at $60,000 after purchasing an additional 537 shares during the last quarter. Finally, FinTrust Capital Advisors LLC lifted its holdings in shares of Vipshop by 52.5% during the second quarter. FinTrust Capital Advisors LLC now owns 3,278 shares of the technology company’s stock valued at $66,000 after purchasing an additional 1,128 shares during the last quarter. 47.36% of the stock is owned by institutional investors and hedge funds.
Vipshop Company Profile (NYSE:VIPS)
VipShop Holdings Ltd. engages in the provision of online products sales and distributions services. It offers womenswear; menswear; footwear; accessories; handbags; apparel for children; sportswear and sporting goods; cosmetic goods; home and lifestyle products; luxury goods; and gifts and miscellaneous.
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