Vipshop (VIPS) Rating Increased to Buy at Nomura

Nomura upgraded shares of Vipshop (NYSE:VIPS) from a neutral rating to a buy rating in a research report report published on Wednesday, MarketBeat Ratings reports.

Several other equities research analysts have also recently weighed in on the company. Daiwa Capital Markets upgraded Vipshop from a hold rating to a buy rating in a research note on Monday, December 18th. KeyCorp set a $13.00 price target on Vipshop and gave the stock a buy rating in a research report on Thursday, October 19th. BidaskClub lowered Vipshop from a sell rating to a strong sell rating in a research report on Tuesday, October 10th. Zacks Investment Research lowered Vipshop from a buy rating to a hold rating in a research report on Wednesday, September 20th. Finally, UBS Group assumed coverage on Vipshop in a research report on Monday, October 30th. They set a neutral rating and a $9.00 price target on the stock. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $13.20.

Vipshop (VIPS) traded up $0.89 during mid-day trading on Wednesday, reaching $14.51. The company had a trading volume of 28,205,352 shares, compared to its average volume of 11,410,000. The stock has a market capitalization of $8,610.00, a PE ratio of 30.23 and a beta of 2.10. Vipshop has a 12-month low of $7.79 and a 12-month high of $15.49. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 1.05.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIPS. Neuberger Berman Group LLC increased its holdings in shares of Vipshop by 3,636.3% in the third quarter. Neuberger Berman Group LLC now owns 5,304,737 shares of the technology company’s stock valued at $46,629,000 after purchasing an additional 5,162,758 shares during the period. KEYWISE CAPITAL MANAGEMENT Ltd increased its holdings in shares of Vipshop by 921.0% in the third quarter. KEYWISE CAPITAL MANAGEMENT Ltd now owns 4,758,700 shares of the technology company’s stock valued at $41,829,000 after purchasing an additional 4,292,600 shares during the period. Pictet Asset Management Ltd. increased its holdings in shares of Vipshop by 553.9% in the third quarter. Pictet Asset Management Ltd. now owns 3,896,476 shares of the technology company’s stock valued at $34,250,000 after purchasing an additional 3,300,586 shares during the period. Prudential PLC increased its holdings in shares of Vipshop by 49.2% in the second quarter. Prudential PLC now owns 8,708,200 shares of the technology company’s stock valued at $91,872,000 after purchasing an additional 2,871,600 shares during the period. Finally, Schroder Investment Management Group increased its holdings in shares of Vipshop by 22.8% in the third quarter. Schroder Investment Management Group now owns 13,252,891 shares of the technology company’s stock valued at $121,927,000 after purchasing an additional 2,461,480 shares during the period. 52.93% of the stock is currently owned by institutional investors.

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About Vipshop

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

Analyst Recommendations for Vipshop (NYSE:VIPS)

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