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

Vipshop Holdings Limited (NYSE:VIPS) has received an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $17.50.

Several equities analysts have issued reports on VIPS shares. Benchmark reissued a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Citigroup dropped their price target 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. Barclays initiated coverage on shares of Vipshop in a research report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective for the company. Finally, StockNews.com downgraded Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

Institutional Investors Weigh In On Vipshop

A number of hedge funds and other institutional investors have recently modified their holdings of VIPS. Atomi Financial Group Inc. raised its holdings in Vipshop by 6.8% during the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock worth $174,000 after purchasing an additional 702 shares during the last quarter. Signaturefd LLC increased its position in shares of Vipshop by 5.1% in the third quarter. Signaturefd LLC now owns 16,704 shares of the technology company’s stock valued at $263,000 after buying an additional 817 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Vipshop by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 48,963 shares of the technology company’s stock worth $770,000 after buying an additional 954 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its position in shares of Vipshop by 0.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 298,200 shares of the technology company’s stock worth $4,691,000 after buying an additional 2,055 shares in the last quarter. Finally, National Pension Service grew its stake in Vipshop by 2.0% in the 3rd quarter. National Pension Service now owns 107,152 shares of the technology company’s stock valued at $1,686,000 after acquiring an additional 2,074 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Trading Down 2.1 %

NYSE:VIPS opened at $13.33 on Monday. Vipshop has a 12-month low of $11.50 and a 12-month high of $20.19. The stock’s 50 day simple moving average is $13.84 and its 200-day simple moving average is $13.92. The firm has a market cap of $6.84 billion, a P/E ratio of 6.38, a PEG ratio of 1.56 and a beta of 0.31.

About Vipshop

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.