Vipshop (NYSE:VIPS) Hits New 52-Week Low – Here’s Why

Vipshop Holdings Limited (NYSE:VIPS)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $13.35 and last traded at $13.4850, with a volume of 778640 shares. The stock had previously closed at $13.68.

Analysts Set New Price Targets

Several research analysts have issued reports on VIPS shares. UBS Group set a $18.50 price target on Vipshop and gave the company a “buy” rating in a report on Friday, May 22nd. Jefferies Financial Group reissued a “buy” rating on shares of Vipshop in a research note on Thursday, February 26th. JPMorgan Chase & Co. decreased their target price on Vipshop from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Bank of America reaffirmed an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Finally, Benchmark reaffirmed a “hold” rating on shares of Vipshop in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Vipshop currently has an average rating of “Moderate Buy” and a consensus price target of $20.20.

Vipshop Stock Up 0.0%

The firm’s 50-day moving average price is $14.40 and its two-hundred day moving average price is $16.44. The firm has a market capitalization of $6.40 billion, a PE ratio of 6.28, a P/E/G ratio of 1.34 and a beta of 0.64.

Institutional Trading of Vipshop

Several large investors have recently added to or reduced their stakes in VIPS. Goldman Sachs Group Inc. boosted its position in shares of Vipshop by 29.6% in the first 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. Guggenheim Capital LLC raised its position in Vipshop by 24.2% during the second quarter. Guggenheim Capital LLC now owns 45,053 shares of the technology company’s stock valued at $678,000 after buying an additional 8,779 shares during the period. Jump Financial LLC acquired a new position in Vipshop during the second quarter valued at $505,000. California Public Employees Retirement System lifted its stake in Vipshop by 9.6% in the 2nd quarter. California Public Employees Retirement System now owns 668,627 shares of the technology company’s stock worth $10,063,000 after acquiring an additional 58,820 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Vipshop by 14.1% in the 2nd quarter. Daiwa Securities Group Inc. now owns 42,000 shares of the technology company’s stock worth $632,000 after acquiring an additional 5,200 shares in the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

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.