Vipshop (NYSE:VIPS) Upgraded by StockNews.com to Buy Rating

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

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

Vipshop Stock Up 1.8 %

VIPS opened at $13.89 on Monday. The firm has a market capitalization of $7.13 billion, a P/E ratio of 6.64, a PEG ratio of 1.41 and a beta of 0.31. The stock has a fifty day moving average of $13.47 and a 200-day moving average of $13.80. Vipshop has a 12-month low of $11.50 and a 12-month high of $20.19.

Hedge Funds Weigh In On Vipshop

Several hedge funds have recently bought and sold shares of the business. First Beijing Investment Ltd acquired a new stake in shares of Vipshop in the third quarter worth about $120,182,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Vipshop by 179.5% in the 3rd 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 acquiring an additional 2,558,896 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Vipshop in the 3rd quarter worth approximately $14,938,000. Hhlr Advisors LTD. boosted its position in Vipshop by 6.2% during the third quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock worth $247,281,000 after purchasing an additional 914,322 shares during the period. Finally, Marathon Asset Management Ltd grew its holdings in Vipshop by 14.9% during the third 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 owned by institutional investors and hedge funds.

About Vipshop

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.