Vipshop (NYSE:VIPS) Shares Pass Below 200 Day Moving Average – What’s Next?

Vipshop Holdings Limited (NYSE:VIPS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.94 and traded as low as $13.21. Vipshop shares last traded at $13.2650, with a volume of 2,735,392 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VIPS. JPMorgan Chase & Co. lowered their target price on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. Weiss Ratings lowered Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Bank of America reissued an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. Finally, UBS Group set a $18.50 target price on Vipshop and gave the stock a “buy” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.20.

Vipshop Stock Performance

The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 1.33 and a beta of 0.67. The business’s 50 day moving average is $13.98 and its 200 day moving average is $15.94.

Hedge Funds Weigh In On Vipshop

Several hedge funds have recently made changes to their positions in VIPS. Arax Advisory Partners lifted its position in Vipshop by 96.8% during the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock worth $25,000 after acquiring an additional 692 shares during the period. Richardson Financial Services Inc. raised its stake in shares of Vipshop by 153.8% in the fourth 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 last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Vipshop by 8,472.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock worth $38,000 after purchasing an additional 2,118 shares during the period. Cooper Investors PTY Ltd. purchased a new stake in Vipshop in the fourth quarter valued at approximately $58,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Vipshop by 100.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock worth $58,000 after buying an additional 1,864 shares during the period. 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.