Nomura Raises Vipshop (VIPS) Price Target to $19.00
A number of other research firms have also issued reports on VIPS. KeyCorp set a $17.00 price target on shares of Vipshop and gave the stock a buy rating in a research report on Tuesday. Sanford C. Bernstein raised shares of Vipshop from a market perform rating to an outperform rating and set a $10.00 price target for the company in a research report on Tuesday. HSBC raised shares of Vipshop from a reduce rating to a hold rating in a research report on Wednesday, January 3rd. Zacks Investment Research lowered shares of Vipshop from a buy rating to a hold rating in a research report on Wednesday, September 20th. Finally, BidaskClub lowered shares of Vipshop from a hold rating to a sell rating in a report on Sunday, September 24th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $13.43.
Vipshop (NYSE VIPS) traded up $0.26 on Thursday, reaching $15.93. 14,862,568 shares of the company’s stock were exchanged, compared to its average volume of 13,540,000. Vipshop has a 12 month low of $7.79 and a 12 month high of $16.47. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 0.54. The stock has a market cap of $9,450.00, a price-to-earnings ratio of 32.51 and a beta of 2.10.
A number of institutional investors have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. acquired a new stake in Vipshop in the 4th quarter valued at $232,000. Schwab Charles Investment Management Inc. grew its stake in Vipshop by 59.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 136,599 shares of the technology company’s stock valued at $1,601,000 after acquiring an additional 51,069 shares during the period. Bank of Montreal Can grew its stake in Vipshop by 7.5% in the 4th quarter. Bank of Montreal Can now owns 711,293 shares of the technology company’s stock valued at $8,337,000 after acquiring an additional 49,874 shares during the period. Neuberger Berman Group LLC grew its stake in Vipshop by 3,636.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 5,304,737 shares of the technology company’s stock valued at $46,629,000 after acquiring an additional 5,162,758 shares during the period. Finally, California Public Employees Retirement System grew its stake in Vipshop by 27.1% in the 3rd quarter. California Public Employees Retirement System now owns 614,645 shares of the technology company’s stock valued at $5,403,000 after acquiring an additional 130,945 shares during the period. 52.93% of the stock is currently owned by hedge funds and other institutional investors.
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Vipshop 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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