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

Vipshop (NYSE:VIPS) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

A number of other research firms have also recently commented on VIPS. Citigroup reduced their target price on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Barclays began coverage on Vipshop in a research note on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 target price on the stock. Finally, Benchmark reissued a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $17.50.

Vipshop Stock Down 3.3 %

Shares of VIPS stock traded down $0.48 during trading hours on Monday, hitting $13.90. 3,507,920 shares of the company were exchanged, compared to its average volume of 3,138,582. The firm has a market cap of $7.13 billion, a PE ratio of 6.65, a PEG ratio of 1.50 and a beta of 0.30. Vipshop has a 1 year low of $11.50 and a 1 year high of $20.19. The firm has a fifty day moving average of $13.62 and a 200 day moving average of $13.85.

Institutional Investors Weigh In On Vipshop

Large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its holdings in 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 last quarter. Sanctuary Advisors LLC acquired a new stake in Vipshop in the 2nd quarter valued at $1,036,000. Atomi Financial Group Inc. boosted its position in Vipshop by 6.8% during the third quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock valued at $174,000 after purchasing an additional 702 shares during the last quarter. Creative Planning grew its stake in shares of Vipshop by 16.9% in the third quarter. Creative Planning now owns 107,026 shares of the technology company’s stock valued at $1,684,000 after buying an additional 15,477 shares in the last quarter. Finally, Marathon Asset Management Ltd lifted its stake in Vipshop by 14.9% in the 3rd quarter. Marathon Asset Management Ltd now owns 4,390,922 shares of the technology company’s stock valued at $69,069,000 after purchasing an additional 570,869 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors.

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.