Vipshop Holdings Limited (NYSE:VIPS) was down 5.4% on Monday . The stock traded as low as $9.07 and last traded at $9.25. Approximately 9,198,252 shares were traded during mid-day trading, an increase of 40% from the average daily volume of 6,554,752 shares. The stock had previously closed at $9.78.

Several equities research analysts have recently weighed in on VIPS shares. Zacks Investment Research raised shares of Vipshop Holdings Limited from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Wednesday, August 23rd. BidaskClub raised shares of Vipshop Holdings Limited from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. UBS AG initiated coverage on shares of Vipshop Holdings Limited in a research note on Monday, October 30th. They issued a “neutral” rating and a $9.00 target price on the stock. KeyCorp set a $13.00 price target on shares of Vipshop Holdings Limited and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, Benchmark Co. upped their price target on shares of Vipshop Holdings Limited from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.95.

The stock has a market capitalization of $5,458.33, a price-to-earnings ratio of 16.23 and a beta of 2.06. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.77 and a current ratio of 1.05.

Several institutional investors have recently made changes to their positions in VIPS. Murphy Capital Management Inc. purchased a new position in Vipshop Holdings Limited during the 2nd quarter worth approximately $111,000. 1st Global Advisors Inc. grew its stake in shares of Vipshop Holdings Limited by 1.5% during the 2nd quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock worth $113,000 after purchasing an additional 160 shares during the period. FNY Partners Fund LP grew its stake in shares of Vipshop Holdings Limited by 71.9% during the 2nd quarter. FNY Partners Fund LP now owns 11,000 shares of the technology company’s stock worth $116,000 after purchasing an additional 4,600 shares during the period. Advisors Preferred LLC acquired a new stake in shares of Vipshop Holdings Limited during the 3rd quarter worth approximately $117,000. Finally, OLD National Bancorp IN grew its stake in shares of Vipshop Holdings Limited by 1.1% during the 2nd quarter. OLD National Bancorp IN now owns 11,396 shares of the technology company’s stock worth $120,000 after purchasing an additional 128 shares during the period. 54.49% of the stock is owned by hedge funds and other institutional investors.

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About Vipshop Holdings Limited

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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