Nomura upgraded shares of Vipshop (NYSE:VIPS) from a neutral rating to a buy rating in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports.
A number of other equities research analysts have also weighed in on the stock. Daiwa Capital Markets raised shares of Vipshop from a hold rating to a buy rating in a report on Monday, December 18th. KeyCorp set a $13.00 target price on shares of Vipshop and gave the stock a buy rating in a report on Thursday, October 19th. BidaskClub lowered shares of Vipshop from a sell rating to a strong sell rating in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of Vipshop from a buy rating to a hold rating in a report on Wednesday, September 20th. Finally, UBS Group began coverage on shares of Vipshop in a research note on Monday, October 30th. They issued a neutral rating and a $9.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $13.20.
Vipshop (VIPS) traded up $0.89 on Wednesday, reaching $14.51. 28,205,352 shares of the company’s stock were exchanged, compared to its average volume of 11,410,000. Vipshop has a 52-week low of $7.79 and a 52-week high of $15.49. 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 company has a market cap of $8,610.00, a price-to-earnings ratio of 30.23 and a beta of 2.10.
Large investors have recently bought and sold shares of the company. 1st Global Advisors Inc. boosted its stake in shares of Vipshop by 1.5% in the 2nd quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock valued at $113,000 after purchasing an additional 160 shares during the last quarter. FNY Partners Fund LP boosted its stake in shares of Vipshop by 71.9% in the 2nd quarter. FNY Partners Fund LP now owns 11,000 shares of the technology company’s stock valued at $116,000 after purchasing an additional 4,600 shares during the last quarter. Advisors Preferred LLC bought a new stake in shares of Vipshop in the 3rd quarter valued at $117,000. Financial Counselors Inc. boosted its stake in Vipshop by 4.2% during the second quarter. Financial Counselors Inc. now owns 13,708 shares of the technology company’s stock worth $145,000 after acquiring an additional 547 shares in the last quarter. Finally, Seven Eight Capital LP bought a new position in Vipshop during the second quarter worth $165,000. 52.93% of the stock is currently owned by institutional investors.
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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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