Vipshop Holdings Limited (NYSE:VIPS) Receives $20.68 Average PT from Analysts

Vipshop Holdings Limited (NYSE:VIPS) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $20.6833.

Several research firms recently commented on VIPS. JPMorgan Chase & Co. dropped their target price on Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Bank of America reissued an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. UBS Group set a $18.50 price target on Vipshop and gave the company a “buy” rating in a report on Friday, May 22nd. Weiss Ratings lowered Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen raised shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Saturday.

Institutional Trading of Vipshop

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arax Advisory Partners increased its holdings in Vipshop by 96.8% in the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after buying an additional 692 shares in the last quarter. Richardson Financial Services Inc. raised its position in shares of Vipshop by 153.8% in the fourth quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,250 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Vipshop by 8,472.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock worth $38,000 after acquiring an additional 2,118 shares in the last quarter. Cooper Investors PTY Ltd. purchased a new stake in shares of Vipshop during the 4th quarter worth about $58,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Vipshop by 100.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock valued at $58,000 after acquiring an additional 1,864 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Performance

Shares of VIPS opened at $14.71 on Tuesday. The business’s 50-day moving average is $13.92 and its two-hundred day moving average is $15.39. The company has a market capitalization of $7.04 billion, a P/E ratio of 6.90, a P/E/G ratio of 1.43 and a beta of 0.67. Vipshop has a fifty-two week low of $12.65 and a fifty-two week high of $21.08.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.