Vipshop Holdings Limited (NYSE:VIPS) Receives $17.50 Average PT from Analysts

Shares of Vipshop Holdings Limited (NYSE:VIPS) have earned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $17.50.

Several equities research analysts have recently commented on the company. Barclays started coverage on Vipshop in a research note on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target for the company. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. StockNews.com cut shares of Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Citigroup lowered their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th.

Vipshop Stock Down 2.1 %

VIPS opened at $13.33 on Monday. Vipshop has a 52 week low of $11.50 and a 52 week high of $20.19. The business has a 50 day moving average price of $13.86 and a two-hundred day moving average price of $13.95. The company has a market cap of $6.84 billion, a PE ratio of 6.38, a P/E/G ratio of 1.56 and a beta of 0.31.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Atomi Financial Group Inc. grew its holdings in shares of Vipshop by 6.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after acquiring an additional 702 shares during the period. Signaturefd LLC grew its holdings in Vipshop by 5.1% in the third quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock valued at $263,000 after purchasing an additional 817 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Vipshop by 2.0% in the third quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock valued at $770,000 after buying an additional 954 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Vipshop by 0.7% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock worth $4,691,000 after buying an additional 2,055 shares during the last quarter. Finally, National Pension Service boosted its position in shares of Vipshop by 2.0% in the 3rd quarter. National Pension Service now owns 107,152 shares of the technology company’s stock worth $1,686,000 after buying an additional 2,074 shares in the last quarter. 48.82% of the stock is owned by hedge funds and other institutional investors.

About Vipshop

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.