Today, Vipshop Holdings Ltd. (VIPS) Given a $16.00 Price Target at Nomura

Today, Vipshop Holdings Ltd. (VIPS) Given a $16.00 Price Target at Nomura
Vipshop Holdings Ltd. (NYSE:VIPS) has been given a $16.00 price target by research analysts at Nomura in a report issued on Thursday. The brokerage presently has a “buy” rating on the stock. Nomura’s price objective suggests a potential upside of 32.56% from the company’s current price.

A number of other equities analysts have also recently commented on the stock. Jefferies Group set a $20.00 price target on shares of Vipshop Holdings and gave the stock a “buy” rating in a research note on Tuesday. Deutsche Bank AG raised shares of Vipshop Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, November 10th. Zacks Investment Research cut shares of Vipshop Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, October 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $16.00 price target on shares of Vipshop Holdings in a research note on Wednesday, August 31st. Finally, Bank of America Corp. raised shares of Vipshop Holdings from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $15.02.

Vipshop Holdings (NYSE:VIPS) traded down 2.50% during midday trading on Thursday, hitting $12.07. 3,415,076 shares of the stock were exchanged. The company has a market cap of $7.02 billion, a PE ratio of 27.49 and a beta of 1.83. The firm’s 50 day moving average price is $13.66 and its 200 day moving average price is $13.28. Vipshop Holdings has a 12 month low of $10.21 and a 12 month high of $17.53.

Several large investors have recently bought and sold shares of VIPS. FMR LLC raised its stake in Vipshop Holdings by 15.0% in the second quarter. FMR LLC now owns 23,727,700 shares of the company’s stock valued at $265,039,000 after buying an additional 3,094,400 shares in the last quarter. Sylebra HK Co Ltd raised its stake in Vipshop Holdings by 2.4% in the second quarter. Sylebra HK Co Ltd now owns 10,905,478 shares of the company’s stock valued at $121,814,000 after buying an additional 255,550 shares in the last quarter. FIL Ltd raised its stake in Vipshop Holdings by 35.3% in the second quarter. FIL Ltd now owns 10,425,936 shares of the company’s stock valued at $116,458,000 after buying an additional 2,719,909 shares in the last quarter. Comgest Global Investors S.A.S. raised its stake in Vipshop Holdings by 49.6% in the second quarter. Comgest Global Investors S.A.S. now owns 8,712,703 shares of the company’s stock valued at $97,321,000 after buying an additional 2,887,900 shares in the last quarter. Finally, Charles Lim Capital Ltd raised its stake in Vipshop Holdings by 26.4% in the third quarter. Charles Lim Capital Ltd now owns 6,907,377 shares of the company’s stock valued at $101,331,000 after buying an additional 1,443,262 shares in the last quarter. Institutional investors and hedge funds own 76.27% of the company’s stock.

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