The Goldman Sachs Group Boosts Vipshop (NYSE:VIPS) Price Target to $11.40

Vipshop (NYSE:VIPSGet Rating) had its target price upped by The Goldman Sachs Group from $10.10 to $11.40 in a report issued on Wednesday, Stock Target Advisor reports. The Goldman Sachs Group currently has a neutral rating on the technology company’s stock.

Several other brokerages have also recently issued reports on VIPS. Morgan Stanley lowered their target price on shares of Vipshop from $10.00 to $8.50 in a research note on Monday, October 31st. HSBC lowered their target price on shares of Vipshop from $10.10 to $9.60 and set a hold rating on the stock in a research note on Thursday, September 29th. Credit Suisse Group raised shares of Vipshop from a neutral rating to an outperform rating and lifted their target price for the stock from $10.30 to $12.00 in a research note on Monday, August 22nd. Citigroup lowered their target price on shares of Vipshop from $10.90 to $10.00 in a research note on Thursday, October 6th. Finally, Daiwa Capital Markets lowered their target price on shares of Vipshop from $10.00 to $8.80 in a research note on Thursday, September 29th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Vipshop presently has an average rating of Hold and an average price target of $9.66.

Vipshop Stock Performance

Vipshop stock opened at $9.71 on Wednesday. The company’s fifty day moving average price is $8.40 and its 200 day moving average price is $9.34. Vipshop has a 1 year low of $5.75 and a 1 year high of $11.97. The stock has a market capitalization of $6.59 billion, a P/E ratio of 7.83 and a beta of 0.45.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Hhlr Advisors LTD. raised its holdings in shares of Vipshop by 13.4% during the 2nd quarter. Hhlr Advisors LTD. now owns 25,116,486 shares of the technology company’s stock worth $248,402,000 after acquiring an additional 2,965,993 shares during the period. Vanguard Group Inc. raised its holdings in shares of Vipshop by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 16,345,728 shares of the technology company’s stock worth $147,111,000 after acquiring an additional 163,532 shares during the period. UBS Asset Management Americas Inc. raised its holdings in Vipshop by 1.4% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 16,202,178 shares of the technology company’s stock valued at $136,260,000 after buying an additional 228,251 shares during the period. Krane Funds Advisors LLC raised its holdings in Vipshop by 22.5% in the 1st quarter. Krane Funds Advisors LLC now owns 12,492,987 shares of the technology company’s stock valued at $112,437,000 after buying an additional 2,297,126 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Vipshop by 10.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,927,203 shares of the technology company’s stock valued at $98,379,000 after buying an additional 1,069,930 shares during the period. Hedge funds and other institutional investors own 52.29% of the company’s stock.

Vipshop Company Profile

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Vipshop Holdings Limited operates online platforms for various brands in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; and skin care and cosmetic products, including cleansers, lotions, face and body creams, face masks, sunscreen, foundations, lipsticks, eye shadows, and other cosmetics-related items.

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