Vipshop (NYSE:VIPS) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research note published on Sunday.

VIPS has been the subject of several other research reports. Citigroup reiterated a “neutral” rating on shares of Vipshop in a research note on Thursday, November 20th. Zacks Research downgraded Vipshop from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Vipshop in a research report on Wednesday, November 19th. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Friday, November 21st. Finally, Barclays lifted their price target on shares of Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Vipshop presently has a consensus rating of “Hold” and a consensus target price of $19.83.

Vipshop Price Performance

NYSE:VIPS opened at $19.64 on Friday. Vipshop has a one year low of $12.14 and a one year high of $21.08. The company has a fifty day moving average price of $19.03 and a 200 day moving average price of $16.89. The stock has a market cap of $10.07 billion, a P/E ratio of 10.67, a PEG ratio of 2.11 and a beta of 0.83.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Krane Funds Advisors LLC boosted its position in Vipshop by 24.9% in the third quarter. Krane Funds Advisors LLC now owns 17,185,535 shares of the technology company’s stock valued at $320,424,000 after buying an additional 3,426,079 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Vipshop by 17.4% in the first quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company’s stock valued at $262,757,000 after acquiring an additional 2,483,294 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Vipshop by 87.2% in the 3rd quarter. Invesco Ltd. now owns 16,715,656 shares of the technology company’s stock worth $328,295,000 after acquiring an additional 7,785,027 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Vipshop by 2.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 12,204,449 shares of the technology company’s stock worth $239,695,000 after acquiring an additional 323,058 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Vipshop by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,467,566 shares of the technology company’s stock valued at $166,182,000 after purchasing an additional 163,770 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

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.