Vipshop Holdings Limited (NYSE:VIPS) Receives $20.20 Consensus Target Price from Brokerages

Vipshop Holdings Limited (NYSE:VIPS) has been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $20.20.

Several research analysts have recently issued reports on the company. UBS Group set a $18.50 price objective on Vipshop and gave the company a “buy” rating in a research note on Friday, May 22nd. Nomura raised Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Friday, February 27th. JPMorgan Chase & Co. lowered their price objective on Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. Finally, Weiss Ratings downgraded Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th.

Vipshop Price Performance

Vipshop stock opened at $13.53 on Monday. The business has a 50 day moving average of $14.71 and a 200-day moving average of $16.79. Vipshop has a 1 year low of $13.52 and a 1 year high of $21.08. The company has a market capitalization of $6.48 billion, a P/E ratio of 6.35, a P/E/G ratio of 1.35 and a beta of 0.64.

Institutional Trading of Vipshop

Institutional investors have recently added to or reduced their stakes in the stock. Arax Advisory Partners boosted its holdings in Vipshop by 96.8% in the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after acquiring an additional 692 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in shares of Vipshop by 153.8% during the 4th quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock worth $36,000 after buying an additional 1,250 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted 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 worth $38,000 after buying an additional 2,118 shares in the last quarter. Cooper Investors PTY Ltd. bought a new position in shares of Vipshop during the 4th quarter worth approximately $58,000. Finally, EverSource Wealth Advisors LLC boosted 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 worth $58,000 after buying an additional 1,864 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors.

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.