Vipshop (NYSE:VIPS) Raised to “Hold” at Zacks Research

Vipshop (NYSE:VIPS) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on VIPS. Weiss Ratings reissued a “hold (c)” rating on shares of Vipshop in a research report on Monday, December 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $22.60 price target on shares of Vipshop in a research note on Tuesday, December 30th. JPMorgan Chase & Co. boosted their price objective on shares of Vipshop from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Wall Street Zen cut shares of Vipshop from a “buy” rating to a “hold” rating in a report on Sunday, January 4th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a research report on Thursday, November 20th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $20.38.

Vipshop Price Performance

Shares of VIPS traded up $0.39 during midday trading on Tuesday, hitting $17.63. The stock had a trading volume of 879,936 shares, compared to its average volume of 2,593,147. The company has a 50 day simple moving average of $18.98 and a two-hundred day simple moving average of $17.98. Vipshop has a twelve month low of $12.14 and a twelve month high of $21.08. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 1.46 and a beta of 0.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in Vipshop during the 2nd quarter worth approximately $256,000. Campbell & CO Investment Adviser LLC increased its position in Vipshop by 230.5% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 94,421 shares of the technology company’s stock worth $1,854,000 after buying an additional 65,848 shares during the period. Sequoia Financial Advisors LLC bought a new position in Vipshop during the 2nd quarter worth $282,000. Quadrant Capital Group LLC lifted its holdings in shares of Vipshop by 721.9% during the second quarter. Quadrant Capital Group LLC now owns 126,094 shares of the technology company’s stock worth $1,898,000 after buying an additional 110,752 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Vipshop by 24.1% in the second quarter. American Century Companies Inc. now owns 1,996,122 shares of the technology company’s stock valued at $30,042,000 after acquiring an additional 387,223 shares during the period. Institutional investors 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.