Vipshop (NYSE:VIPS) Upgraded at StockNews.com

StockNews.com upgraded shares of Vipshop (NYSE:VIPS) from a hold rating to a buy rating in a report released on Monday.

Other analysts have also recently issued research reports about the company. Citigroup cut their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Barclays began coverage on Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price target on the stock. Finally, Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $17.50.

Vipshop Stock Up 1.8 %

Shares of NYSE VIPS opened at $13.89 on Monday. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The business has a 50 day moving average price of $13.47 and a two-hundred day moving average price of $13.80. The firm has a market cap of $7.13 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 1.41 and a beta of 0.31.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VIPS. First Beijing Investment Ltd bought a new position in shares of Vipshop in the third quarter valued at $120,182,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Vipshop by 179.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock worth $62,670,000 after acquiring an additional 2,558,896 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Vipshop in the 3rd quarter worth $14,938,000. Hhlr Advisors LTD. raised its position in shares of Vipshop by 6.2% during the third quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock worth $247,281,000 after purchasing an additional 914,322 shares during the period. Finally, Marathon Asset Management Ltd lifted its holdings in shares of Vipshop by 14.9% during the third quarter. Marathon Asset Management Ltd now owns 4,390,922 shares of the technology company’s stock valued at $69,069,000 after purchasing an additional 570,869 shares during the last quarter. 48.82% of the stock is 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.