Vipshop Holdings Ltd – (VIPS) Research Coverage Started at Pacific Crest

Pacific Crest assumed coverage on shares of Vipshop Holdings Ltd – (NYSE:VIPS) in a note issued to investors on Wednesday. The brokerage set an “overweight” rating and a $17.00 price target on the technology company’s stock. Pacific Crest’s price objective suggests a potential upside of 26.68% from the stock’s previous close.

A number of other brokerages also recently issued reports on VIPS. Zacks Investment Research raised Vipshop Holdings Ltd – from a “sell” rating to a “hold” rating in a research report on Friday, December 9th. Nomura set a $16.00 target price on Vipshop Holdings Ltd – and gave the stock a “buy” rating in a research note on Thursday, November 24th. TheStreet cut Vipshop Holdings Ltd – from a “buy” rating to a “hold” rating in a research note on Thursday, December 22nd. Jefferies Group LLC set a $20.00 target price on Vipshop Holdings Ltd – and gave the stock a “buy” rating in a research note on Tuesday, November 22nd. Finally, Brean Capital restated a “buy” rating on shares of Vipshop Holdings Ltd – in a research note on Tuesday, December 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. Vipshop Holdings Ltd – has an average rating of “Buy” and a consensus target price of $16.02.

Analyst Recommendations for Vipshop Holdings Ltd - (NYSE:VIPS)

Vipshop Holdings Ltd – (NYSE:VIPS) traded up 0.52% on Wednesday, reaching $13.49. 2,082,843 shares of the company were exchanged. The firm has a market capitalization of $7.87 billion, a P/E ratio of 27.59 and a beta of 1.64. Vipshop Holdings Ltd – has a 12-month low of $10.21 and a 12-month high of $17.41. The firm has a 50-day moving average of $13.42 and a 200 day moving average of $12.71. Vipshop Holdings Ltd – also was the target of unusually large options trading on Monday. Stock investors purchased 6,037 put options on the company. This is an increase of approximately 998% compared to the typical daily volume of 550 put options.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Oxford Asset Management purchased a new position in shares of Vipshop Holdings Ltd – during the fourth quarter worth approximately $112,000. Tdam USA Inc. purchased a new position in shares of Vipshop Holdings Ltd – during the third quarter worth approximately $149,000. Envestnet Asset Management Inc. boosted its position in shares of Vipshop Holdings Ltd – by 31.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,478 shares of the technology company’s stock worth $116,000 after buying an additional 2,521 shares during the last quarter. Smith Asset Management Group LP purchased a new position in shares of Vipshop Holdings Ltd – during the third quarter worth approximately $214,000. Finally, Creative Planning boosted its position in shares of Vipshop Holdings Ltd – by 25.4% in the third quarter. Creative Planning now owns 15,150 shares of the technology company’s stock worth $222,000 after buying an additional 3,070 shares during the last quarter. Institutional investors own 77.07% of the company’s stock.

About Vipshop Holdings Ltd –

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.

5 Day Chart for NYSE:VIPS

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