Vipshop Holdings Ltd. (VIPS) Given a $16.00 Price Target at Nomura
VIPS has been the topic of a number of other research reports. Stifel Nicolaus boosted their price objective on Vipshop Holdings from $18.00 to $21.50 and gave the stock a buy rating in a research note on Tuesday, August 16th. Bank of America Corp. raised Vipshop Holdings from a neutral rating to a buy rating in a research note on Tuesday, August 16th. Deutsche Bank AG downgraded Vipshop Holdings from a buy rating to a hold rating and boosted their price objective for the stock from $16.60 to $16.90 in a research note on Wednesday, August 17th. Zacks Investment Research raised Vipshop Holdings from a sell rating to a hold rating in a research note on Thursday, September 1st. Finally, Jefferies Group set a $20.00 price objective on Vipshop Holdings and gave the stock a buy rating in a research note on Tuesday, November 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $15.02.
Shares of Vipshop Holdings (NYSE:VIPS) opened at 11.46 on Thursday. The firm has a 50-day moving average price of $13.55 and a 200-day moving average price of $13.29. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 26.53 and a beta of 1.83. Vipshop Holdings has a 52 week low of $10.21 and a 52 week high of $17.53.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Pioneer Investment Management Inc. acquired a new position in shares of Vipshop Holdings during the third quarter worth $4,149,000. Candriam Luxembourg S.C.A. purchased a new position in shares of Vipshop Holdings during the third quarter worth approximately $5,457,000. Xact Kapitalforvaltning AB purchased a new position in shares of Vipshop Holdings during the third quarter worth approximately $1,058,000. Panagora Asset Management Inc. increased its position in shares of Vipshop Holdings by 461.4% in the third quarter. Panagora Asset Management Inc. now owns 50,348 shares of the company’s stock worth $739,000 after buying an additional 41,379 shares during the period. Finally, D. E. Shaw & Co. Inc. purchased a new position in shares of Vipshop Holdings during the third quarter worth approximately $378,000. Institutional investors and hedge funds own 78.43% of the company’s stock.
Vipshop Holdings Company Profile
Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.
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