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

Vipshop (NYSE:VIPS) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

A number of other brokerages have also recently weighed in on VIPS. Weiss Ratings cut shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. UBS Group set a $18.50 price objective on Vipshop and gave the stock a “buy” rating in a report on Friday, May 22nd. Benchmark reaffirmed a “hold” rating on shares of Vipshop in a report on Friday, May 22nd. Finally, Bank of America reiterated an “underperform” rating on shares of Vipshop in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.02.

Vipshop Trading Down 1.0%

VIPS stock opened at $14.04 on Friday. The stock has a market cap of $6.72 billion, a P/E ratio of 6.59, a PEG ratio of 1.43 and a beta of 0.67. Vipshop has a twelve month low of $12.65 and a twelve month high of $21.08. The company’s 50 day moving average is $14.15 and its two-hundred day moving average is $15.11.

Hedge Funds Weigh In On Vipshop

Institutional investors have recently modified their holdings of the business. Arax Advisory Partners boosted its stake 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 purchasing an additional 692 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Vipshop by 8,472.0% during the 4th 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 last quarter. EverSource Wealth Advisors LLC increased its stake in Vipshop by 100.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock valued at $58,000 after purchasing an additional 1,864 shares during the period. Global Retirement Partners LLC increased its stake in Vipshop by 104.3% in the fourth quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock valued at $106,000 after purchasing an additional 3,050 shares during the period. Finally, State of Wyoming raised its holdings in shares of Vipshop by 10,007.7% in the first quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock valued at $103,000 after buying an additional 6,505 shares during the last quarter. 48.82% of the stock is owned by institutional investors and hedge funds.

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.