Vipshop Holdings Limited (NYSE:VIPS) Receives $19.83 Consensus Price Target from Brokerages

Vipshop Holdings Limited (NYSE:VIPS) has earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $19.8250.

Several brokerages have recently commented on VIPS. Zacks Research downgraded Vipshop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Benchmark restated a “hold” rating on shares of Vipshop in a report on Friday, November 21st. 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 research report on Friday, November 21st. Finally, Citigroup reiterated a “neutral” rating on shares of Vipshop in a research report on Thursday, November 20th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VIPS. Invesco Ltd. boosted its position in Vipshop by 87.2% during the 3rd quarter. Invesco Ltd. now owns 16,715,656 shares of the technology company’s stock worth $328,295,000 after acquiring an additional 7,785,027 shares during the period. Krane Funds Advisors LLC increased its holdings in shares of Vipshop by 24.9% in the 3rd quarter. Krane Funds Advisors LLC now owns 17,185,535 shares of the technology company’s stock valued at $320,424,000 after purchasing an additional 3,426,079 shares during the period. Norges Bank purchased a new stake in shares of Vipshop in the second quarter worth approximately $50,725,000. Acadian Asset Management LLC grew its position in Vipshop by 17.4% during the first quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company’s stock valued at $262,757,000 after purchasing an additional 2,483,294 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Vipshop by 6,092.5% in the 2nd quarter. SG Americas Securities LLC now owns 1,926,991 shares of the technology company’s stock valued at $29,001,000 after buying an additional 1,895,873 shares during the period. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Stock Performance

Vipshop stock opened at $20.17 on Monday. Vipshop has a 1 year low of $12.14 and a 1 year high of $21.08. The firm’s 50 day moving average price is $19.22 and its two-hundred day moving average price is $17.18. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 1.88 and a beta of 0.73.

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.