Vipshop (NYSE:VIPS) Raised to “Buy” at Wall Street Zen

Vipshop (NYSE:VIPS) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other equities research analysts have also recently issued research reports about the company. 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. JPMorgan Chase & Co. cut their price target on Vipshop from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, June 30th. Zacks Research cut Vipshop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a report on Wednesday, October 8th. Finally, Citigroup lifted their price target on Vipshop from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.33.

Vipshop Stock Down 0.3%

Shares of NYSE VIPS opened at $18.75 on Friday. The firm’s 50-day moving average price is $18.06 and its two-hundred day moving average price is $15.73. The stock has a market capitalization of $9.61 billion, a P/E ratio of 10.19, a P/E/G ratio of 2.11 and a beta of 0.71. Vipshop has a 52-week low of $12.14 and a 52-week high of $21.08.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Ethic Inc. increased its stake in shares of Vipshop by 10.0% during the third quarter. Ethic Inc. now owns 31,501 shares of the technology company’s stock valued at $619,000 after acquiring an additional 2,851 shares during the period. Swedbank AB increased its stake in shares of Vipshop by 4.9% during the third quarter. Swedbank AB now owns 156,723 shares of the technology company’s stock valued at $3,078,000 after acquiring an additional 7,320 shares during the period. IFM Investors Pty Ltd increased its stake in shares of Vipshop by 123.5% during the third quarter. IFM Investors Pty Ltd now owns 36,591 shares of the technology company’s stock valued at $674,000 after acquiring an additional 20,221 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Vipshop by 0.6% during the third quarter. Exchange Traded Concepts LLC now owns 121,975 shares of the technology company’s stock valued at $2,396,000 after acquiring an additional 693 shares during the period. Finally, Lester Murray Antman dba SimplyRich grew its position in Vipshop by 0.5% in the third quarter. Lester Murray Antman dba SimplyRich now owns 146,753 shares of the technology company’s stock worth $2,882,000 after buying an additional 685 shares during the last quarter. Institutional investors and hedge funds 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.