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

Vipshop Holdings Limited (NYSE:VIPS) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $20.20.

VIPS has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Vipshop from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Weiss Ratings downgraded Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. UBS Group set a $18.50 price target on Vipshop and gave the stock a “buy” rating in a research note on Friday, May 22nd. Benchmark reiterated a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. Finally, Bank of America reiterated an “underperform” rating on shares of Vipshop in a research note on Friday, May 29th.

Hedge Funds Weigh In On Vipshop

Several large investors have recently made changes to their positions in VIPS. Goldman Sachs Group Inc. lifted its position in shares of Vipshop by 29.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock worth $77,326,000 after purchasing an additional 1,126,983 shares during the last quarter. Guggenheim Capital LLC lifted its position in shares of Vipshop by 24.2% during the 2nd quarter. Guggenheim Capital LLC now owns 45,053 shares of the technology company’s stock worth $678,000 after purchasing an additional 8,779 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Vipshop during the 2nd quarter worth about $505,000. California Public Employees Retirement System lifted its position in shares of Vipshop by 9.6% during the 2nd quarter. California Public Employees Retirement System now owns 668,627 shares of the technology company’s stock worth $10,063,000 after purchasing an additional 58,820 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Vipshop by 14.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 42,000 shares of the technology company’s stock worth $632,000 after purchasing an additional 5,200 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Trading Up 2.7%

VIPS opened at $13.31 on Friday. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 1.30 and a beta of 0.64. Vipshop has a 1 year low of $12.65 and a 1 year high of $21.08. The stock has a fifty day moving average price of $14.07 and a 200 day moving average price of $16.05.

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.