Vipshop Holdings Limited (NYSE:VIPS) Receives $18.33 Average Target Price from Brokerages

Shares of Vipshop Holdings Limited (NYSE:VIPS) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $18.3250.

VIPS has been the topic of a number of analyst reports. Zacks Research cut shares of 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. Citigroup increased their price objective on shares of Vipshop from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 15th. Bank of America dropped their price objective on shares of Vipshop from $17.80 to $17.30 and set a “buy” rating on the stock in a report on Friday, July 18th. Finally, Wall Street Zen raised shares of Vipshop from a “hold” rating to a “buy” rating in a report on Saturday.

Vipshop Price Performance

NYSE VIPS opened at $18.62 on Friday. Vipshop has a 12 month low of $12.14 and a 12 month high of $21.08. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 2.14 and a beta of 0.71. The company’s fifty day moving average price is $18.19 and its two-hundred day moving average price is $15.78.

Hedge Funds Weigh In On Vipshop

Several large investors have recently made changes to their positions in the business. SG Americas Securities LLC boosted its holdings in shares of Vipshop by 111.0% in the first quarter. SG Americas Securities LLC now owns 31,118 shares of the technology company’s stock worth $488,000 after buying an additional 16,372 shares during the period. Packer & Co Ltd acquired a new stake in shares of Vipshop in the first quarter worth $24,292,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Vipshop in the first quarter worth $427,000. Asset Management One Co. Ltd. raised its stake in Vipshop by 2.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 54,607 shares of the technology company’s stock valued at $856,000 after purchasing an additional 1,165 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Vipshop by 13.1% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 12,564,417 shares of the technology company’s stock valued at $197,010,000 after purchasing an additional 1,456,862 shares during the last quarter. Institutional investors 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.