StockNews.com Downgrades Vipshop (NYSE:VIPS) to Hold

Vipshop (NYSE:VIPS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other analysts also recently weighed in on VIPS. Citigroup lowered their price target on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Barclays started coverage on shares of Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price on the stock. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Vipshop currently has a consensus rating of “Hold” and a consensus price target of $17.50.

Vipshop Trading Up 3.9 %

VIPS opened at $15.50 on Wednesday. The stock has a market capitalization of $7.95 billion, a P/E ratio of 7.41, a PEG ratio of 1.59 and a beta of 0.30. The stock has a 50-day moving average price of $13.86 and a 200-day moving average price of $13.92. Vipshop has a 12-month low of $11.50 and a 12-month high of $20.19.

Institutional Investors Weigh In On Vipshop

A number of large investors have recently modified their holdings of the stock. Hhlr Advisors LTD. raised its holdings in Vipshop by 6.2% in the third quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock worth $247,281,000 after purchasing an additional 914,322 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Vipshop by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company’s stock worth $188,060,000 after buying an additional 79,254 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Vipshop by 1.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company’s stock worth $149,619,000 after acquiring an additional 139,320 shares in the last quarter. Invesco Ltd. lifted its position in Vipshop by 28.4% during the 4th quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company’s stock valued at $104,516,000 after acquiring an additional 1,718,159 shares during the period. Finally, First Beijing Investment Ltd bought a new stake in Vipshop during the third quarter worth about $120,182,000. Institutional investors own 48.82% of the company’s stock.

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.