Brokerages Set Vipshop Holdings Limited (NYSE:VIPS) Price Target at $17.50

Vipshop Holdings Limited (NYSE:VIPS) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $17.50.

VIPS has been the topic of several recent research reports. Barclays initiated coverage on shares of Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price on the stock. Citigroup reduced their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Finally, StockNews.com lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday.

Vipshop Trading Down 0.9 %

VIPS opened at $15.34 on Tuesday. The stock has a market capitalization of $7.87 billion, a PE ratio of 7.34, a PEG ratio of 1.59 and a beta of 0.30. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19. The firm has a 50-day moving average price of $13.91 and a two-hundred day moving average price of $13.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Venturi Wealth Management LLC bought a new position in Vipshop during the 3rd quarter worth approximately $56,000. Blue Trust Inc. boosted its stake in Vipshop by 140.6% during the 3rd quarter. Blue Trust Inc. now owns 8,485 shares of the technology company’s stock worth $133,000 after acquiring an additional 4,958 shares during the last quarter. Jump Financial LLC bought a new position in Vipshop during the 4th quarter worth approximately $161,000. Atomi Financial Group Inc. boosted its stake in Vipshop by 10.8% during the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock worth $165,000 after acquiring an additional 1,191 shares during the last quarter. Finally, Vontobel Holding Ltd. bought a new position in Vipshop during the 4th quarter worth approximately $165,000. Institutional investors own 48.82% of the company’s stock.

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.