HSBC upgraded shares of Vipshop (NYSE:VIPS) from a reduce rating to a hold rating in a research report report published on Wednesday, January 3rd, Marketbeat.com reports.
Other analysts have also issued reports about the company. BidaskClub lowered Vipshop from a hold rating to a sell rating in a report on Sunday, September 24th. Zacks Investment Research downgraded Vipshop from a hold rating to a sell rating in a research report on Friday, November 24th. JPMorgan Chase & Co. decreased their target price on Vipshop from $13.00 to $10.00 and set an overweight rating on the stock in a research report on Wednesday, November 22nd. UBS Group started coverage on Vipshop in a research report on Monday, October 30th. They issued a neutral rating and a $9.00 target price on the stock. Finally, KeyCorp set a $13.00 price target on Vipshop and gave the company a buy rating in a report on Thursday, October 19th. Three analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $13.20.
Vipshop (VIPS) opened at $14.51 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $8,610.00, a PE ratio of 30.23 and a beta of 2.10. Vipshop has a 1-year low of $7.79 and a 1-year high of $15.49.
A number of large investors have recently added to or reduced their stakes in VIPS. Sei Investments Co. lifted its holdings in Vipshop by 23.6% during the 2nd quarter. Sei Investments Co. now owns 26,782 shares of the technology company’s stock worth $283,000 after buying an additional 5,121 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Vipshop by 4.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 523,979 shares of the technology company’s stock valued at $5,527,000 after purchasing an additional 20,306 shares during the last quarter. BB&T Securities LLC purchased a new stake in shares of Vipshop in the 2nd quarter valued at about $138,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Vipshop by 0.5% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 669,981 shares of the technology company’s stock valued at $7,068,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Vipshop by 5.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 141,979 shares of the technology company’s stock valued at $1,498,000 after purchasing an additional 7,627 shares during the last quarter. Hedge funds and other institutional investors own 52.93% of the company’s stock.
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Vipshop Company Profile
Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.
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