Vipshop (NYSE:VIPS) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research note released on Monday morning.

Several other brokerages also recently issued reports on VIPS. Citigroup lowered their price target on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Barclays initiated coverage on Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price target for the company. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Vipshop has an average rating of “Hold” and a consensus price target of $17.50.

Vipshop Stock Performance

Shares of VIPS opened at $14.40 on Monday. The stock has a fifty day moving average of $13.67 and a two-hundred day moving average of $13.86. The company has a market capitalization of $7.39 billion, a PE ratio of 6.89, a price-to-earnings-growth ratio of 1.50 and a beta of 0.30. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19.

Hedge Funds Weigh In On Vipshop

Several large investors have recently modified their holdings of the stock. Lingohr Asset Management GmbH bought a new position in Vipshop in the third quarter worth about $921,000. The Manufacturers Life Insurance Company increased its stake in shares of Vipshop by 76.6% in the second quarter. The Manufacturers Life Insurance Company now owns 73,369 shares of the technology company’s stock valued at $955,000 after purchasing an additional 31,816 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Vipshop by 179.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock valued at $62,670,000 after purchasing an additional 2,558,896 shares during the period. FMR LLC increased its stake in shares of Vipshop by 8.5% in the third quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock valued at $32,579,000 after purchasing an additional 162,027 shares during the period. Finally, Ariose Capital Management Ltd acquired a new stake in shares of Vipshop in the third quarter valued at approximately $8,189,000. Institutional investors own 48.82% of the company’s stock.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.