Vipshop Holdings Limited (NYSE:VIPS) Receives $20.38 Average Price Target from Brokerages

Shares of Vipshop Holdings Limited (NYSE:VIPS) have been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $20.38.

A number of analysts recently issued reports on the company. Barclays boosted their price objective on Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Citigroup reissued a “neutral” rating on shares of Vipshop in a report on Thursday, November 20th. Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a $22.60 target price on shares of Vipshop in a report on Tuesday, December 30th. Finally, JPMorgan Chase & Co. raised 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, November 21st.

Hedge Funds Weigh In On Vipshop

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its holdings in shares of Vipshop by 87.2% in the 3rd quarter. Invesco Ltd. now owns 16,715,656 shares of the technology company’s stock valued at $328,295,000 after acquiring an additional 7,785,027 shares in the last quarter. Krane Funds Advisors LLC raised its stake in Vipshop by 24.9% in the third 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 in the last quarter. Norges Bank bought a new stake in Vipshop during the second quarter valued at approximately $50,725,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Vipshop by 23,837.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,792,794 shares of the technology company’s stock worth $49,405,000 after buying an additional 2,781,127 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of 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 worth $29,001,000 after buying an additional 1,895,873 shares during the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Trading Up 2.0%

VIPS opened at $17.77 on Friday. Vipshop has a 12 month low of $12.14 and a 12 month high of $21.08. The company has a market cap of $9.11 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 1.47 and a beta of 0.72. The company has a 50 day moving average of $17.89 and a 200 day moving average of $18.34.

Vipshop Company Profile

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.