Vipshop (NYSE:VIPS) Upgraded at Wall Street Zen

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

Several other analysts have also recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on shares of Vipshop from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, June 30th. Zacks Research lowered shares of Vipshop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Citigroup lifted their target price on shares of Vipshop from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 15th. Finally, Bank of America lowered their target price on shares of Vipshop from $17.80 to $17.30 and set a “buy” rating for the company in a report on Friday, July 18th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.33.

Vipshop Stock Performance

Vipshop stock opened at $19.05 on Friday. The stock’s 50 day simple moving average is $18.13 and its two-hundred day simple moving average is $15.76. The stock has a market cap of $9.77 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 2.11 and a beta of 0.71. Vipshop has a fifty-two week low of $12.14 and a fifty-two week high of $21.08.

Hedge Funds Weigh In On Vipshop

A number of hedge funds have recently added to or reduced their stakes in the company. Ethic Inc. raised its holdings in Vipshop by 10.0% in the 3rd quarter. Ethic Inc. now owns 31,501 shares of the technology company’s stock worth $619,000 after acquiring an additional 2,851 shares during the last quarter. Swedbank AB raised its holdings in Vipshop by 4.9% in the 3rd quarter. Swedbank AB now owns 156,723 shares of the technology company’s stock worth $3,078,000 after acquiring an additional 7,320 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in Vipshop by 123.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 36,591 shares of the technology company’s stock worth $674,000 after acquiring an additional 20,221 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Vipshop by 0.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 121,975 shares of the technology company’s stock worth $2,396,000 after acquiring an additional 693 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich raised its holdings in Vipshop by 0.5% in the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 146,753 shares of the technology company’s stock worth $2,882,000 after acquiring an additional 685 shares during the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

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.