Vipshop (NYSE:VIPS) Stock Rating Upgraded by Wall Street Zen

Vipshop (NYSE:VIPS) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other research analysts also recently issued reports on VIPS. Bank of America reiterated an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th. JPMorgan Chase & Co. reduced their price target on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. UBS Group set a $18.50 price objective on shares of Vipshop and gave the stock a “buy” rating in a report on Friday, May 22nd. Weiss Ratings cut Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.68.

Vipshop Price Performance

VIPS opened at $14.22 on Friday. The firm has a market cap of $6.81 billion, a PE ratio of 6.68, a P/E/G ratio of 1.43 and a beta of 0.67. The stock has a 50-day moving average price of $13.91 and a 200-day moving average price of $15.41. Vipshop has a 1 year low of $12.65 and a 1 year high of $21.08.

Institutional Trading of Vipshop

A number of institutional investors have recently made changes to their positions in the stock. Mariner LLC grew its stake in shares of Vipshop by 3.2% in the third quarter. Mariner LLC now owns 18,308 shares of the technology company’s stock worth $360,000 after acquiring an additional 561 shares during the period. Arax Advisory Partners lifted its position in Vipshop by 96.8% during the fourth quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after purchasing an additional 692 shares during the period. Loomis Sayles & Co. L P boosted its holdings in Vipshop by 1.5% in the fourth quarter. Loomis Sayles & Co. L P now owns 63,826 shares of the technology company’s stock worth $1,129,000 after purchasing an additional 949 shares during the last quarter. Lester Murray Antman dba SimplyRich boosted its holdings in Vipshop by 0.7% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 147,719 shares of the technology company’s stock worth $2,613,000 after purchasing an additional 966 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ boosted its holdings in Vipshop by 1.7% in the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 59,943 shares of the technology company’s stock worth $1,060,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

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.