Vipshop Holdings Limited (NYSE:VIPS) Receives $20.38 Average Target Price from Analysts

Shares of Vipshop Holdings Limited (NYSE:VIPS) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $20.38.

VIPS has been the topic of several recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a research report on Thursday, November 20th. Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a report on Sunday. Barclays increased their price target on shares of Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Jefferies Financial Group restated a “buy” rating and set a $22.60 price objective on shares of Vipshop in a research note on Tuesday, December 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vipshop in a report on Monday, December 29th.

Institutional Trading of Vipshop

A number of hedge funds have recently made changes to their positions in the business. Invesco Ltd. boosted its position in Vipshop by 87.2% during the third quarter. Invesco Ltd. now owns 16,715,656 shares of the technology company’s stock worth $328,295,000 after purchasing an additional 7,785,027 shares during the period. Krane Funds Advisors LLC lifted its stake in shares of Vipshop by 24.9% during the 3rd quarter. Krane Funds Advisors LLC now owns 17,185,535 shares of the technology company’s stock worth $320,424,000 after buying an additional 3,426,079 shares during the last quarter. Norges Bank acquired a new position in Vipshop in the 2nd quarter valued at about $50,725,000. Acadian Asset Management LLC raised its holdings in Vipshop by 17.4% in the 1st quarter. Acadian Asset Management LLC now owns 16,760,405 shares of the technology company’s stock valued at $262,757,000 after acquiring an additional 2,483,294 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Vipshop by 6,092.5% in the 2nd quarter. SG Americas Securities LLC now owns 1,926,991 shares of the technology company’s stock valued at $29,001,000 after acquiring an additional 1,895,873 shares during the period. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Price Performance

Shares of NYSE:VIPS opened at $17.94 on Friday. The company’s 50-day moving average price is $19.13 and its two-hundred day moving average price is $17.78. Vipshop has a one year low of $12.14 and a one year high of $21.08. The stock has a market capitalization of $9.20 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72.

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.