Vipshop Holdings Ltd. (VIPS) PT Set at $16.00 by Nomura
Vipshop Holdings Ltd. (NYSE:VIPS) has been given a $16.00 price objective by research analysts at Nomura in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Nomura’s price target indicates a potential upside of 32.56% from the company’s current price.
A number of other research analysts have also recently commented on VIPS. Zacks Investment Research cut shares of Vipshop Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 28th. TheStreet raised shares of Vipshop Holdings to a “buy” rating in a research report on Friday, August 12th. Stifel Nicolaus boosted their target price on shares of Vipshop Holdings from $18.00 to $21.50 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Bank of America Corp. raised shares of Vipshop Holdings from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 16th. Finally, Jefferies Group reissued a “buy” rating and set a $16.00 target price on shares of Vipshop Holdings in a research report on Tuesday, August 16th. One investment 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 company currently has a consensus rating of “Buy” and an average price target of $15.02.
Vipshop Holdings (NYSE:VIPS) opened at 12.07 on Thursday. Vipshop Holdings has a 12 month low of $10.21 and a 12 month high of $17.53. The firm’s 50-day moving average is $13.66 and its 200 day moving average is $13.28. The stock has a market capitalization of $7.02 billion, a P/E ratio of 27.94 and a beta of 1.83.
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A number of hedge funds have recently added to or reduced their stakes in VIPS. Sei Investments Co. raised its stake in Vipshop Holdings by 118.5% in the second quarter. Sei Investments Co. now owns 9,268 shares of the company’s stock valued at $103,000 after buying an additional 5,027 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Vipshop Holdings by 239.8% in the second quarter. Tower Research Capital LLC TRC now owns 10,178 shares of the company’s stock valued at $114,000 after buying an additional 7,183 shares in the last quarter. CIBC Asset Management Inc purchased a new position in Vipshop Holdings during the second quarter valued at approximately $121,000. Capstone Asset Management Co. purchased a new position in Vipshop Holdings during the second quarter valued at approximately $131,000. Finally, Parametrica Management Ltd purchased a new position in Vipshop Holdings during the second quarter valued at approximately $140,000. Hedge funds and other institutional investors own 76.27% of the company’s stock.
Vipshop Holdings Company Profile
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.
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