Vipshop Holdings Limited (NYSE:VIPS) Receives $17.50 Average PT from Analysts

Vipshop Holdings Limited (NYSE:VIPS) has been given a consensus recommendation of “Hold” by the seven brokerages that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $17.50.

Several research analysts have recently weighed in on VIPS shares. Citigroup lowered their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Barclays initiated coverage on Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price on the stock. Finally, StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Monday.

Hedge Funds Weigh In On Vipshop

Institutional investors and hedge funds have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its stake in Vipshop by 1.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company’s stock valued at $149,619,000 after acquiring an additional 139,320 shares in the last quarter. Mount Yale Investment Advisors LLC raised its holdings in Vipshop by 24.0% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 19,573 shares of the technology company’s stock worth $264,000 after purchasing an additional 3,782 shares in the last quarter. Blue Trust Inc. raised its holdings in Vipshop by 17.5% during the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock worth $134,000 after purchasing an additional 1,487 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in Vipshop by 10.8% in the fourth quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after buying an additional 1,191 shares in the last quarter. Finally, Ritholtz Wealth Management increased its holdings in Vipshop by 27.2% in the fourth quarter. Ritholtz Wealth Management now owns 136,360 shares of the technology company’s stock valued at $1,837,000 after buying an additional 29,192 shares in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Up 3.6 %

VIPS opened at $14.40 on Friday. Vipshop has a twelve month low of $11.50 and a twelve month high of $20.19. The company has a market cap of $7.39 billion, a PE ratio of 6.89, a price-to-earnings-growth ratio of 1.43 and a beta of 0.31. The company has a 50-day moving average price of $13.48 and a 200 day moving average price of $13.80.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.