Vipshop (NYSE:VIPS) Shares Down 6.4% – Time to Sell?

Vipshop Holdings Limited (NYSE:VIPS)’s stock price was down 6.4% on Friday . The stock traded as low as $17.12 and last traded at $17.0550. Approximately 909,814 shares changed hands during trading, a decline of 61% from the average daily volume of 2,308,878 shares. The stock had previously closed at $18.22.

Analyst Upgrades and Downgrades

Several analysts recently commented on VIPS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a research note on Monday, December 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.60 price target on shares of Vipshop in a report on Tuesday, December 30th. Benchmark reissued a “hold” rating on shares of Vipshop in a research note on Friday, November 21st. Wall Street Zen lowered Vipshop from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. Finally, JPMorgan Chase & Co. increased their price target on Vipshop from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. 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 company. Based on data from MarketBeat, Vipshop currently has a consensus rating of “Hold” and an average price target of $20.38.

Vipshop Price Performance

The firm has a market capitalization of $8.57 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 1.42 and a beta of 0.72. The company has a fifty day moving average of $19.14 and a 200-day moving average of $17.94.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VIPS. Invesco Ltd. raised its holdings in Vipshop by 87.2% during the third quarter. Invesco Ltd. now owns 16,715,656 shares of the technology company’s stock valued at $328,295,000 after buying an additional 7,785,027 shares in the last quarter. Krane Funds Advisors LLC raised its stake in shares of Vipshop by 24.9% in the 3rd quarter. Krane Funds Advisors LLC now owns 17,185,535 shares of the technology company’s stock valued at $320,424,000 after acquiring an additional 3,426,079 shares in the last quarter. Norges Bank bought a new stake in Vipshop during the second quarter worth approximately $50,725,000. SG Americas Securities LLC raised its position in shares of Vipshop by 6,092.5% in the second quarter. SG Americas Securities LLC now owns 1,926,991 shares of the technology company’s stock valued at $29,001,000 after purchasing an additional 1,895,873 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Vipshop by 29.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock worth $77,326,000 after buying an additional 1,126,983 shares during the period. Institutional investors and hedge funds own 48.82% of the company’s stock.

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.