Vipshop (NYSE:VIPS) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research note issued to investors on Sunday.

Other analysts also recently issued research reports about the stock. 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, November 21st. Citigroup restated a “neutral” rating on shares of Vipshop in a research report on Thursday, November 20th. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Friday, November 21st. Jefferies Financial Group reiterated a “buy” rating and set a $22.60 target price on shares of Vipshop in a report on Tuesday, December 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.38.

Vipshop Stock Up 0.3%

NYSE:VIPS opened at $17.74 on Friday. Vipshop has a 52-week low of $12.14 and a 52-week high of $21.08. The stock has a fifty day simple moving average of $19.16 and a 200-day simple moving average of $17.74. The company has a market capitalization of $9.09 billion, a PE ratio of 9.33, a price-to-earnings-growth ratio of 1.51 and a beta of 0.72.

Hedge Funds Weigh In On Vipshop

Several institutional investors have recently added to or reduced their stakes in VIPS. Farther Finance Advisors LLC raised its holdings in Vipshop by 209.2% in the second quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock valued at $38,000 after buying an additional 1,726 shares during the period. Hantz Financial Services Inc. increased its position 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 acquiring an additional 3,027 shares in the last quarter. Huntington National Bank raised its stake in shares of Vipshop by 53.8% in the 2nd quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,163 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Vipshop by 575.5% during the 3rd quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock valued at $57,000 after acquiring an additional 2,492 shares in the last quarter. Finally, Tobam acquired a new position in shares of Vipshop during the 2nd quarter valued at $91,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

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.