Vipshop Holdings Ltd – (NYSE:VIPS) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $17.84 and last traded at $17.83, with a volume of 21248397 shares traded. The stock had previously closed at $16.39.

Several research analysts recently issued reports on VIPS shares. UBS Group started coverage on shares of Vipshop in a research report on Monday, October 30th. They set a “neutral” rating and a $9.00 price target on the stock. Daiwa Capital Markets upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Vipshop from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, KeyCorp set a $17.00 price target on shares of Vipshop and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $16.40.

The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $11,230.00, a PE ratio of 38.61 and a beta of 2.45.

Vipshop (NYSE:VIPS) last released its earnings results on Monday, November 20th. The technology company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Vipshop had a net margin of 2.67% and a return on equity of 32.68%. analysts forecast that Vipshop Holdings Ltd – will post 0.56 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. 1st Global Advisors Inc. lifted its position in Vipshop by 1.5% during the 2nd quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock valued at $113,000 after purchasing an additional 160 shares during the period. Advisors Preferred LLC acquired a new position in Vipshop during the 3rd quarter valued at about $117,000. Resources Investment Advisors Inc. lifted its position in Vipshop by 296.6% during the 4th quarter. Resources Investment Advisors Inc. now owns 12,414 shares of the technology company’s stock valued at $145,000 after purchasing an additional 9,284 shares during the period. Stone Ridge Asset Management LLC acquired a new position in Vipshop during the 4th quarter valued at about $159,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Vipshop during the 4th quarter valued at about $172,000. Institutional investors own 51.87% of the company’s stock.

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About Vipshop

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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