Vipshop (NYSE:VIPS) Sets New 1-Year Low – Time to Sell?

Shares of Vipshop Holdings Limited (NYSE:VIPS) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $13.11 and last traded at $13.2390, with a volume of 1729357 shares traded. The stock had previously closed at $13.33.

Wall Street Analyst Weigh In

VIPS has been the topic of a number of research analyst reports. UBS Group set a $18.50 target price on Vipshop and gave the stock a “buy” rating in a research report on Friday, May 22nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Vipshop in a report on Thursday, February 26th. Nomura upgraded Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Friday, February 27th. Bank of America reiterated an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Finally, Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.20.

Vipshop Stock Performance

The company has a market capitalization of $6.41 billion, a P/E ratio of 6.29, a P/E/G ratio of 1.32 and a beta of 0.64. The firm’s fifty day moving average is $14.24 and its 200 day moving average is $16.25.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VIPS. Carmignac Gestion lifted its stake in shares of Vipshop by 7.7% during the 1st quarter. Carmignac Gestion now owns 4,480,529 shares of the technology company’s stock worth $70,510,000 after acquiring an additional 319,375 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Vipshop by 100.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock valued at $58,000 after acquiring an additional 1,864 shares during the period. Quantinno Capital Management LP grew its position in Vipshop by 26.5% in the 1st quarter. Quantinno Capital Management LP now owns 129,921 shares of the technology company’s stock valued at $2,042,000 after acquiring an additional 27,229 shares during the last quarter. Lazard Asset Management LLC grew its position in Vipshop by 0.9% in the 1st quarter. Lazard Asset Management LLC now owns 970,371 shares of the technology company’s stock valued at $15,254,000 after acquiring an additional 8,470 shares during the last quarter. Finally, State of Wyoming increased its stake in Vipshop by 10,007.7% in the first quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock worth $103,000 after purchasing an additional 6,505 shares during the period. Institutional investors own 48.82% of the company’s stock.

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.