Vipshop (NYSE:VIPS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Vipshop (NYSE:VIPS) from a hold rating to a buy rating in a research report report published on Saturday.

Several other equities research analysts have also recently commented on the company. Benchmark reissued a “hold” rating on shares of Vipshop in a report on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of Vipshop in a research note on Wednesday, November 19th. Barclays upped their price objective on Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday. Zacks Research lowered Vipshop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of Vipshop from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Friday. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Vipshop presently has an average rating of “Hold” and an average target price of $19.83.

Vipshop Trading Up 1.5%

VIPS stock opened at $18.93 on Friday. The firm’s 50-day moving average is $18.95 and its two-hundred day moving average is $16.75. The company has a market capitalization of $9.70 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 2.11 and a beta of 0.83. Vipshop has a 52 week low of $12.14 and a 52 week high of $21.08.

Institutional Investors Weigh In On Vipshop

Several hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in shares of Vipshop by 209.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock valued at $38,000 after purchasing an additional 1,726 shares during the period. Brooklyn Investment Group lifted its stake in Vipshop by 1,695.2% during the first quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company’s stock valued at $41,000 after buying an additional 2,475 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Vipshop by 1,187.1% in the second quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock worth $49,000 after buying an additional 3,027 shares during the period. Huntington National Bank increased its position in shares of Vipshop by 53.8% in the second quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock worth $50,000 after acquiring an additional 1,163 shares in the last quarter. Finally, Atlas Capital Advisors Inc. increased its position in shares of Vipshop by 41.5% in the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock worth $56,000 after acquiring an additional 1,046 shares in the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

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.