Brokerages Set Vipshop Holdings Limited (NYSE:VIPS) Target Price at $20.20

Shares of Vipshop Holdings Limited (NYSE:VIPS) have earned an average rating of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.20.

A number of analysts have issued reports on the stock. UBS Group set a $18.50 price objective on shares of Vipshop and gave the company a “buy” rating in a report on Friday, May 22nd. Nomura raised shares of Vipshop from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday, February 27th. Bank of America reissued an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. Weiss Ratings downgraded shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st.

Hedge Funds Weigh In On Vipshop

Several hedge funds and other institutional investors have recently made changes to their positions in VIPS. FIL Ltd lifted its holdings in shares of Vipshop by 2.6% during the 4th quarter. FIL Ltd now owns 18,891,105 shares of the technology company’s stock worth $334,184,000 after acquiring an additional 483,842 shares during the period. Krane Funds Advisors LLC lifted its holdings in shares of Vipshop by 24.9% during the 3rd quarter. Krane Funds Advisors LLC now owns 17,185,535 shares of the technology company’s stock worth $320,424,000 after acquiring an additional 3,426,079 shares during the period. Invesco Ltd. lifted its holdings in shares of Vipshop by 0.9% during the 4th quarter. Invesco Ltd. now owns 16,864,626 shares of the technology company’s stock worth $298,335,000 after acquiring an additional 148,970 shares during the period. Orbis Allan Gray Ltd lifted its holdings in shares of Vipshop by 12.8% during the 4th quarter. Orbis Allan Gray Ltd now owns 10,814,948 shares of the technology company’s stock worth $191,316,000 after acquiring an additional 1,227,325 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Vipshop by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 10,148,017 shares of the technology company’s stock worth $179,518,000 after acquiring an additional 149,758 shares during the period. 48.82% of the stock is currently owned by institutional investors and hedge funds.

Vipshop Stock Performance

Shares of VIPS stock opened at $14.23 on Monday. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 1.45 and a beta of 0.64. The company has a 50-day simple moving average of $14.80 and a 200 day simple moving average of $16.87. Vipshop has a 52 week low of $13.62 and a 52 week high of $21.08.

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.