Vipshop (NYSE:VIPS) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a report issued on Wednesday.

A number of other research analysts also recently commented on the stock. Citigroup cut their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Benchmark restated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Finally, Barclays started coverage on shares of Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target on the stock. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.50.

Vipshop Stock Performance

NYSE VIPS opened at $14.91 on Wednesday. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 7.13, a price-to-earnings-growth ratio of 1.59 and a beta of 0.30. The company’s 50-day simple moving average is $13.82 and its two-hundred day simple moving average is $13.91. Vipshop has a one year low of $11.50 and a one year high of $20.19.

Institutional Trading of Vipshop

A number of institutional investors have recently bought and sold shares of VIPS. Venturi Wealth Management LLC acquired a new stake in Vipshop during the 3rd quarter valued at approximately $56,000. Blue Trust Inc. lifted 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 valued at $133,000 after acquiring an additional 4,958 shares during the period. Polymer Capital Management HK LTD acquired a new stake in Vipshop during the 3rd quarter valued at approximately $175,000. Atomi Financial Group Inc. lifted 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 valued at $165,000 after acquiring an additional 1,191 shares during the period. Finally, Vontobel Holding Ltd. acquired a new stake in Vipshop during the 4th quarter valued at approximately $165,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

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.