Vipshop (NYSE:VIPS) Downgraded by StockNews.com to Hold

Vipshop (NYSE:VIPS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other equities research analysts also recently issued reports about the company. Barclays initiated coverage on Vipshop in a report on Wednesday, November 6th. They issued an “overweight” rating and a $19.00 price objective for the company. Citigroup cut their price objective on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Finally, Benchmark restated a “hold” rating on shares of Vipshop in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.50.

Vipshop Price Performance

VIPS stock traded down $0.48 during trading on Monday, reaching $13.90. The company had a trading volume of 3,507,920 shares, compared to its average volume of 3,138,582. The company has a market cap of $7.13 billion, a P/E ratio of 6.65, a PEG ratio of 1.50 and a beta of 0.30. The business has a 50 day moving average of $13.62 and a 200 day moving average of $13.85. Vipshop has a 52 week low of $11.50 and a 52 week high of $20.19.

Institutional Investors Weigh In On Vipshop

A number of large investors have recently made changes to their positions in VIPS. Lingohr Asset Management GmbH acquired a new position in shares of Vipshop in the 3rd quarter valued at $921,000. The Manufacturers Life Insurance Company grew its stake in Vipshop by 76.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 73,369 shares of the technology company’s stock worth $955,000 after purchasing an additional 31,816 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Vipshop by 179.5% during 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 worth $62,670,000 after acquiring an additional 2,558,896 shares in the last quarter. FMR LLC raised its stake in Vipshop by 8.5% in the third quarter. FMR LLC now owns 2,071,160 shares of the technology company’s stock valued at $32,579,000 after buying an additional 162,027 shares in the last quarter. Finally, Ariose Capital Management Ltd purchased a new stake in shares of Vipshop during the 3rd quarter worth approximately $8,189,000. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

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.