Vipshop (NYSE:VIPS) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Vipshop (NYSE:VIPS) from a hold rating to a buy rating in a research note published on Saturday morning.

Several other equities research analysts have also commented on VIPS. JPMorgan Chase & Co. raised their price target on shares of Vipshop from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Barclays raised their target price on Vipshop from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Vipshop in a research report on Monday, December 22nd. Citigroup reissued a “neutral” rating on shares of Vipshop in a report on Thursday, November 20th. Finally, Zacks Research cut shares of Vipshop from a “hold” rating to a “strong sell” rating in a research note on Monday, December 22nd. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Vipshop presently has an average rating of “Hold” and an average target price of $19.83.

Vipshop Stock Performance

VIPS stock opened at $19.44 on Friday. Vipshop has a 1 year low of $12.14 and a 1 year high of $21.08. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 1.85 and a beta of 0.73. The stock’s fifty day moving average is $19.21 and its two-hundred day moving average is $17.61.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VIPS. Farther Finance Advisors LLC lifted its holdings in Vipshop by 209.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,551 shares of the technology company’s stock valued at $38,000 after acquiring an additional 1,726 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Vipshop by 575.5% in the 3rd quarter. Global Retirement Partners LLC now owns 2,925 shares of the technology company’s stock worth $57,000 after purchasing an additional 2,492 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Vipshop by 1,187.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,282 shares of the technology company’s stock worth $49,000 after purchasing an additional 3,027 shares in the last quarter. Huntington National Bank lifted its stake in Vipshop by 53.8% during the second quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,163 shares during the last quarter. Finally, Tobam bought a new stake in Vipshop during the second quarter worth approximately $91,000. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Company Profile

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.