Wall Street Zen Downgrades Vipshop (NYSE:VIPS) to Hold

Vipshop (NYSE:VIPS) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities research analysts have also issued reports on the stock. Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. Bank of America reissued an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, UBS Group set a $18.50 price objective on shares of Vipshop and gave the stock a “buy” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.68.

Vipshop Trading Down 0.2%

Shares of VIPS opened at $15.65 on Friday. Vipshop has a 12-month low of $12.65 and a 12-month high of $21.08. The company has a market cap of $7.49 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 1.58 and a beta of 0.67. The stock has a 50-day moving average price of $14.10 and a 200-day moving average price of $15.23.

Institutional Trading of Vipshop

Several hedge funds and other institutional investors have recently bought and sold shares of VIPS. Arax Advisory Partners raised its stake in shares of Vipshop by 96.8% during the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock worth $25,000 after acquiring an additional 692 shares in the last quarter. Richardson Financial Services Inc. boosted its stake in shares of Vipshop by 153.8% in the 4th quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,250 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Vipshop by 8,472.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock valued at $38,000 after purchasing an additional 2,118 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Vipshop by 100.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock valued at $58,000 after purchasing an additional 1,864 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of Vipshop by 104.3% during the 4th quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock valued at $106,000 after purchasing an additional 3,050 shares during the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Company Profile

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.