Vipshop (NYSE:VIPS) had its price target cut by analysts at J P Morgan Chase & Co from $13.00 to $10.00 in a report released on Wednesday, November 22nd, Marketbeat.com reports. The firm presently has an “overweight” rating on the technology company’s stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 21.51% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. Benchmark lifted their price target on Vipshop from $11.00 to $14.00 and gave the company a “buy” rating in a report on Friday, August 18th. Zacks Investment Research raised Vipshop from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Wednesday, August 23rd. KeyCorp set a $13.00 price objective on shares of Vipshop and gave the company a “buy” rating in a research note on Thursday, October 19th. BidaskClub upgraded shares of Vipshop from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Finally, Daiwa Capital Markets lowered shares of Vipshop from a “buy” rating to a “hold” rating and set a $10.00 price objective on the stock. in a research note on Thursday, August 17th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $12.95.
Vipshop (NYSE:VIPS) traded up $0.04 on Wednesday, hitting $8.23. The stock had a trading volume of 4,405,373 shares, compared to its average volume of 6,640,900. The company has a market capitalization of $4,880.04, a PE ratio of 14.51 and a beta of 2.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 1.05. Vipshop has a 52 week low of $7.79 and a 52 week high of $15.49.
Institutional investors have recently bought and sold shares of the stock. Murphy Capital Management Inc. acquired a new position in Vipshop in the 2nd quarter worth approximately $111,000. 1st Global Advisors Inc. boosted its stake in Vipshop by 1.5% in the 2nd quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock worth $113,000 after purchasing an additional 160 shares during the period. FNY Partners Fund LP boosted its stake in Vipshop by 71.9% in the 2nd quarter. FNY Partners Fund LP now owns 11,000 shares of the technology company’s stock worth $116,000 after purchasing an additional 4,600 shares during the period. BB&T Securities LLC acquired a new position in Vipshop in the 2nd quarter worth approximately $138,000. Finally, Advisors Preferred LLC acquired a new position in Vipshop in the 3rd quarter worth approximately $117,000. 53.28% of the stock is owned by hedge funds and other institutional investors.
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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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