Today, Jefferies Group Reiterates “$20.00” Price Target for Vipshop Holdings Ltd. (VIPS)

Today, Jefferies Group Reiterates “$20.00” Price Target for Vipshop Holdings Ltd. (VIPS)
Jefferies Group set a $20.00 price objective on Vipshop Holdings Ltd. (NYSE:VIPS) in a research report sent to investors on Tuesday morning. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently weighed in on VIPS. Nomura lifted their target price on Vipshop Holdings from $17.00 to $20.00 and gave the company a buy rating in a research note on Wednesday, August 17th. Deutsche Bank AG downgraded Vipshop Holdings from a buy rating to a hold rating and lifted their price target for the company from $16.60 to $16.90 in a research note on Wednesday, August 17th. Bank of America Corp. upgraded Vipshop Holdings from a neutral rating to a buy rating in a research note on Tuesday, August 16th. Stifel Nicolaus lifted their price target on Vipshop Holdings from $18.00 to $21.50 and gave the company a buy rating in a research note on Tuesday, August 16th. Finally, TheStreet upgraded Vipshop Holdings to a buy rating in a research note on Friday, August 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $15.42.

Shares of Vipshop Holdings (NYSE:VIPS) opened at 12.38 on Tuesday. Vipshop Holdings has a 52 week low of $10.21 and a 52 week high of $17.53. The firm has a market capitalization of $7.20 billion, a P/E ratio of 28.20 and a beta of 1.83. The firm has a 50 day moving average price of $13.81 and a 200-day moving average price of $13.29.

Several institutional investors have recently added to or reduced their stakes in VIPS. BlackRock Fund Advisors boosted its position in Vipshop Holdings by 6.7% in the first quarter. BlackRock Fund Advisors now owns 2,644,604 shares of the company’s stock worth $34,062,000 after buying an additional 166,425 shares during the period. Legal & General Group Plc boosted its position in Vipshop Holdings by 2.3% in the first quarter. Legal & General Group Plc now owns 342,800 shares of the company’s stock worth $4,416,000 after buying an additional 7,600 shares during the period. Boothbay Fund Management LLC boosted its position in Vipshop Holdings by 225.1% in the first quarter. Boothbay Fund Management LLC now owns 40,966 shares of the company’s stock worth $528,000 after buying an additional 28,366 shares during the period. British Columbia Investment Management Corp boosted its position in Vipshop Holdings by 85.5% in the second quarter. British Columbia Investment Management Corp now owns 91,100 shares of the company’s stock worth $1,018,000 after buying an additional 42,000 shares during the period. Finally, Gulf International Bank UK Ltd boosted its position in Vipshop Holdings by 124.8% in the second quarter. Gulf International Bank UK Ltd now owns 107,720 shares of the company’s stock worth $1,203,000 after buying an additional 59,800 shares during the period. 76.27% of the stock is owned by institutional investors.

About Vipshop Holdings

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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