Vipshop Holdings Ltd. (NYSE:VIPS) has been assigned a $20.00 price objective by research analysts at Jefferies Group in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 65.70% from the stock’s previous close.

VIPS has been the topic of a number of other research reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $16.00 target price on shares of Vipshop Holdings in a report on Wednesday, August 31st. Zacks Investment Research lowered Vipshop Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 28th. Deutsche Bank AG raised Vipshop Holdings from a “hold” rating to a “buy” rating in a report on Thursday, November 10th. Goldman Sachs Group Inc. assumed coverage on Vipshop Holdings in a report on Monday, July 25th. They issued a “buy” rating and a $14.30 target price on the stock. Finally, Bank of America Corp. raised Vipshop Holdings from a “neutral” rating to a “buy” rating in a report on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $15.42.

Analyst Recommendations for Vipshop Holdings (NYSE:VIPS)

Vipshop Holdings (NYSE:VIPS) opened at 12.07 on Tuesday. The company has a 50-day moving average price of $13.90 and a 200 day moving average price of $13.29. The firm has a market capitalization of $7.00 billion, a P/E ratio of 27.94 and a beta of 1.83. Vipshop Holdings has a 1-year low of $10.21 and a 1-year high of $17.53.

Several hedge funds have recently modified their holdings of VIPS. Vontobel Asset Management Inc. bought a new stake in shares of Vipshop Holdings during the third quarter valued at about $8,105,000. Comgest Global Investors S.A.S. increased its stake in shares of Vipshop Holdings by 49.6% in the second quarter. Comgest Global Investors S.A.S. now owns 8,712,703 shares of the company’s stock valued at $97,321,000 after buying an additional 2,887,900 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Vipshop Holdings by 124.8% in the second quarter. Gulf International Bank UK Ltd now owns 107,720 shares of the company’s stock valued at $1,203,000 after buying an additional 59,800 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Vipshop Holdings by 2.3% in the first quarter. Legal & General Group Plc now owns 342,800 shares of the company’s stock valued at $4,416,000 after buying an additional 7,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Vipshop Holdings by 109.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 951,224 shares of the company’s stock valued at $10,625,000 after buying an additional 497,537 shares in the last quarter. Institutional investors and hedge funds own 76.27% of the company’s stock.

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About Vipshop Holdings

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.

5 Day Chart for NYSE:VIPS

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