Analysts Set Vipshop Holdings Limited (NYSE:VIPS) PT at $21.02

Shares of Vipshop Holdings Limited (NYSE:VIPS) have earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $21.02.

A number of brokerages have issued reports on VIPS. Bank of America reissued an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Wall Street Zen raised shares of Vipshop from a “hold” rating to a “buy” rating in a report on Sunday, August 16th. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a report on Friday, May 22nd. Finally, UBS Group set a $18.50 target price on shares of Vipshop and gave the company a “buy” rating in a research note on Friday, May 22nd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VIPS. FIL Ltd grew its position in shares of Vipshop by 2.6% during the 4th quarter. FIL Ltd now owns 18,891,105 shares of the technology company’s stock valued at $334,184,000 after acquiring an additional 483,842 shares during the period. Invesco Ltd. raised its holdings in Vipshop by 0.9% in the 4th quarter. Invesco Ltd. now owns 16,864,626 shares of the technology company’s stock worth $298,335,000 after purchasing an additional 148,970 shares during the period. Orbis Allan Gray Ltd raised its holdings in Vipshop by 12.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock worth $191,316,000 after purchasing an additional 1,227,325 shares during the period. Vanguard Group Inc. boosted its position in Vipshop by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock worth $179,518,000 after purchasing an additional 149,758 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Vipshop by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,616,834 shares of the technology company’s stock worth $152,493,000 after purchasing an additional 149,268 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Up 1.5%

Shares of VIPS opened at $14.51 on Friday. Vipshop has a 52 week low of $12.65 and a 52 week high of $21.08. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 6.81, a PEG ratio of 1.45 and a beta of 0.67. The stock’s 50-day moving average price is $14.20 and its 200-day moving average price is $15.04.

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.