Vipshop (NYSE:VIPS – Get Rating) had its target price hoisted by Bank of America from $15.20 to $17.80 in a research report sent to investors on Tuesday morning, The Fly reports.
VIPS has been the subject of several other research reports. Citigroup decreased their price objective on Vipshop from $17.00 to $15.00 in a report on Monday, February 27th. StockNews.com began coverage on Vipshop in a report on Thursday, May 18th. They issued a buy rating for the company. Nomura Instinet upgraded Vipshop from a neutral rating to a buy rating and lifted their price target for the stock from $10.00 to $17.00 in a report on Friday, February 24th. UBS Group lifted their price target on Vipshop from $17.50 to $18.00 and gave the stock a buy rating in a report on Monday, April 3rd. Finally, Daiwa Capital Markets upgraded Vipshop from a neutral rating to an outperform rating and set a $17.30 price target for the company in a report on Wednesday, March 29th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Vipshop has an average rating of Moderate Buy and an average price target of $14.42.
Vipshop Price Performance
Shares of NYSE VIPS opened at $14.17 on Tuesday. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of 9.77 and a beta of 0.44. The business has a 50-day moving average of $15.07 and a 200-day moving average of $13.92. Vipshop has a fifty-two week low of $6.36 and a fifty-two week high of $16.35.
Institutional Investors Weigh In On Vipshop
Hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Management Professionals Inc. acquired a new stake in shares of Vipshop in the first quarter valued at approximately $28,000. Natixis acquired a new position in Vipshop during the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC raised its position in Vipshop by 6,930.3% during the first quarter. Global Retirement Partners LLC now owns 2,320 shares of the technology company’s stock valued at $35,000 after purchasing an additional 2,287 shares in the last quarter. IFP Advisors Inc raised its position in Vipshop by 69.5% during the fourth quarter. IFP Advisors Inc now owns 3,115 shares of the technology company’s stock valued at $38,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Huntington National Bank raised its position in Vipshop by 121.0% during the third quarter. Huntington National Bank now owns 3,487 shares of the technology company’s stock valued at $29,000 after purchasing an additional 1,909 shares in the last quarter. 49.81% of the stock is currently owned by institutional investors and hedge funds.
Vipshop Company Profile
Vipshop Holdings Ltd. operates as a holding company which through its subsidiaries engages in the provision of online product sales and distributions services. It offers womenswear, menswear, footwear, accessories, handbags, apparel for children, sportswear and sporting goods, cosmetic goods, home and lifestyle products, luxury goods, and gifts and miscellaneous.
- Get a free copy of the StockNews.com research report on Vipshop (VIPS)
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