Wall Street Zen upgraded shares of Vipshop (NYSE:VIPS – Free Report) from a hold rating to a buy rating in a research note released on Sunday morning.
Several other research firms also recently weighed in on VIPS. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. Bank of America restated an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. UBS Group set a $18.50 target price on Vipshop and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings lowered Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.02.
View Our Latest Report on Vipshop
Vipshop Stock Up 1.2%
Institutional Trading of Vipshop
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Vipshop by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock valued at $179,518,000 after acquiring an additional 149,758 shares during the last quarter. LSV Asset Management lifted its stake in Vipshop by 7.5% in the 4th quarter. LSV Asset Management now owns 5,939,813 shares of the technology company’s stock worth $105,075,000 after purchasing an additional 415,000 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Vipshop by 6.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,836,920 shares of the technology company’s stock valued at $32,496,000 after purchasing an additional 104,000 shares during the last quarter. KBC Group NV boosted its holdings in shares of Vipshop by 281.0% during the 1st quarter. KBC Group NV now owns 535,669 shares of the technology company’s stock valued at $8,421,000 after purchasing an additional 395,088 shares during the last quarter. Finally, Carmignac Gestion grew its position in shares of Vipshop by 7.7% during the first quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company’s stock valued at $70,510,000 after purchasing an additional 319,375 shares in the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.
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.
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