Vipshop (VIPS) – Research Analysts’ Weekly Ratings Updates

Posted by on Jun 8th, 2023

A number of firms have modified their ratings and price targets on shares of Vipshop (NYSE: VIPS) recently:

  • 5/26/2023 – Vipshop was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
  • 5/24/2023 – Vipshop was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $18.00 price target on the stock, up previously from $16.00.
  • 5/24/2023 – Vipshop had its price target raised by analysts at Benchmark Co. from $15.00 to $19.00.
  • 5/24/2023 – Vipshop had its price target raised by analysts at UBS Group AG from $18.00 to $18.50.
  • 5/24/2023 – Vipshop had its price target raised by analysts at HSBC Holdings plc from $12.50 to $14.40.
  • 5/23/2023 – Vipshop had its price target raised by analysts at Bank of America Co. from $15.20 to $17.80.
  • 5/18/2023 – Vipshop is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.

Vipshop Stock Performance

VIPS stock opened at $16.78 on Thursday. The firm has a fifty day moving average price of $15.16 and a 200 day moving average price of $14.40. Vipshop Holdings Limited has a fifty-two week low of $6.36 and a fifty-two week high of $17.15. The firm has a market cap of $11.39 billion, a PE ratio of 10.11 and a beta of 0.47.

Institutional Trading of Vipshop

Large investors have recently made changes to their positions in the business. Macquarie Group Ltd. increased its stake in Vipshop by 304.7% during the first quarter. Macquarie Group Ltd. now owns 172,236 shares of the technology company’s stock worth $2,614,000 after acquiring an additional 129,674 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Vipshop by 11.9% in the 1st quarter. Ameriprise Financial Inc. now owns 333,403 shares of the technology company’s stock worth $5,061,000 after purchasing an additional 35,348 shares during the period. JPMorgan Chase & Co. raised its holdings in Vipshop by 1,315.0% during the 1st quarter. JPMorgan Chase & Co. now owns 948,316 shares of the technology company’s stock valued at $14,395,000 after buying an additional 881,299 shares during the period. New York State Common Retirement Fund raised its holdings in Vipshop by 23.1% during the 1st quarter. New York State Common Retirement Fund now owns 361,199 shares of the technology company’s stock valued at $5,483,000 after buying an additional 67,764 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in Vipshop by 23.2% in the first quarter. Thrivent Financial for Lutherans now owns 141,929 shares of the technology company’s stock worth $2,155,000 after buying an additional 26,696 shares during the last quarter. 49.81% of the stock is currently owned by institutional investors.

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.

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