Vipshop Holdings Limited (NYSE:VIPS) Receives $20.38 Consensus Target Price from Analysts

Shares of Vipshop Holdings Limited (NYSE:VIPS) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $20.38.

VIPS has been the topic of several recent analyst reports. Zacks Research raised shares of Vipshop from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 20th. Barclays raised their target price on shares of Vipshop from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Citigroup reaffirmed a “neutral” rating on shares of Vipshop in a research note on Thursday, November 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $22.60 price target on shares of Vipshop in a report on Tuesday, December 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a report on Monday, December 29th.

Vipshop Stock Up 0.7%

VIPS opened at $17.24 on Tuesday. The business has a fifty day moving average of $18.69 and a 200 day moving average of $18.13. The stock has a market cap of $8.84 billion, a P/E ratio of 9.07, a PEG ratio of 1.44 and a beta of 0.72. Vipshop has a 52-week low of $12.14 and a 52-week high of $21.08.

Institutional Trading of Vipshop

Several institutional investors and hedge funds have recently made changes to their positions in the company. Richardson Financial Services Inc. lifted its position in shares of Vipshop by 153.8% in the 4th quarter. Richardson Financial Services Inc. now owns 2,063 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,250 shares during the period. Farther Finance Advisors LLC boosted its position in Vipshop by 209.2% during 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 in the last quarter. Hantz Financial Services Inc. increased 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 valued at $49,000 after acquiring an additional 3,027 shares during the period. Huntington National Bank raised its position in shares of Vipshop by 53.8% in the 2nd quarter. Huntington National Bank now owns 3,323 shares of the technology company’s stock worth $50,000 after acquiring an additional 1,163 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of Vipshop by 575.5% during 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 during the last quarter. 48.82% of the stock is currently owned by institutional investors.

About Vipshop

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.