Vipshop (NYSE:VIPS) Cut to “Hold” at Wall Street Zen

Vipshop (NYSE:VIPS) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

A number of other research analysts have also recently commented on the company. Benchmark reiterated a “hold” rating on shares of Vipshop in a report on Friday, May 22nd. JPMorgan Chase & Co. reduced their target price on Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. UBS Group set a $18.50 price target on Vipshop and gave the company a “buy” rating in a research note on Friday, May 22nd. Weiss Ratings cut Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, Bank of America reissued an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Vipshop has a consensus rating of “Moderate Buy” and a consensus target price of $20.20.

Vipshop Stock Up 0.8%

NYSE:VIPS traded up $0.12 on Friday, hitting $13.97. The stock had a trading volume of 1,826,700 shares, compared to its average volume of 2,401,038. The company has a fifty day moving average price of $13.93 and a two-hundred day moving average price of $15.74. Vipshop has a 1-year low of $12.65 and a 1-year high of $21.08. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 6.56, a PEG ratio of 1.40 and a beta of 0.67.

Institutional Trading of Vipshop

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in Vipshop by 87.2% in the third quarter. Invesco Ltd. now owns 16,715,656 shares of the technology company’s stock valued at $328,295,000 after purchasing an additional 7,785,027 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Vipshop by 23,837.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,792,794 shares of the technology company’s stock worth $49,405,000 after purchasing an additional 2,781,127 shares during the period. Norges Bank acquired a new stake in Vipshop in the 4th quarter valued at about $27,631,000. Packer & Co Ltd acquired a new stake in Vipshop in the 4th quarter valued at about $27,406,000. Finally, Orbis Allan Gray Ltd boosted its stake in shares of Vipshop by 12.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock valued at $191,316,000 after buying an additional 1,227,325 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Company Profile

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.