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

Today, Vipshop Holdings Ltd. (VIPS) Given a $16.00 Price Target by Nomura Analysts
Nomura set a $16.00 target price on Vipshop Holdings Ltd. (NYSE:VIPS) in a research report sent to investors on Thursday. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently commented on VIPS. Zacks Investment Research cut Vipshop Holdings from a hold rating to a sell rating in a report on Thursday, July 28th. TheStreet upgraded Vipshop Holdings to a buy rating in a report on Friday, August 12th. Stifel Nicolaus upped their price objective on Vipshop Holdings from $18.00 to $21.50 and gave the company a buy rating in a report on Tuesday, August 16th. Bank of America Corp. upgraded Vipshop Holdings from a neutral rating to a buy rating in a report on Tuesday, August 16th. Finally, Jefferies Group reiterated a buy rating and issued a $16.00 price objective on shares of Vipshop Holdings in a report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $15.02.

Shares of Vipshop Holdings (NYSE:VIPS) traded down 2.50% on Thursday, reaching $12.07. The company had a trading volume of 3,415,076 shares. The firm’s 50 day moving average is $13.66 and its 200 day moving average is $13.28. Vipshop Holdings has a 12 month low of $10.21 and a 12 month high of $17.53. The firm has a market capitalization of $7.02 billion, a PE ratio of 27.49 and a beta of 1.83.

Several hedge funds have recently made changes to their positions in the stock. Sei Investments Co. boosted its stake in shares of Vipshop Holdings by 118.5% in the second quarter. Sei Investments Co. now owns 9,268 shares of the company’s stock valued at $103,000 after buying an additional 5,027 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Vipshop Holdings by 239.8% in the second quarter. Tower Research Capital LLC TRC now owns 10,178 shares of the company’s stock valued at $114,000 after buying an additional 7,183 shares during the last quarter. CIBC Asset Management Inc bought a new stake in shares of Vipshop Holdings during the second quarter valued at about $121,000. Capstone Asset Management Co. bought a new stake in shares of Vipshop Holdings during the second quarter valued at about $131,000. Finally, Parametrica Management Ltd bought a new stake in shares of Vipshop Holdings during the second quarter valued at about $140,000. Institutional investors and hedge funds own 76.27% of the company’s stock.

About Vipshop Holdings

Related posts

Leave a Comment