Nomura set a $16.00 target price on Vipshop Holdings Ltd. (NYSE:VIPS) in a research report sent to investors on Thursday morning. The firm currently has a buy rating on the stock.
Several other research firms also recently weighed in on VIPS. Stifel Nicolaus upped their price target on Vipshop Holdings from $18.00 to $21.50 and gave the stock a buy rating in a research note on Tuesday, August 16th. Jefferies Group set a $20.00 price target on Vipshop Holdings and gave the stock a buy rating in a research note on Tuesday, November 22nd. Zacks Investment Research upgraded Vipshop Holdings from a sell rating to a hold rating in a research note on Thursday, September 22nd. TheStreet upgraded Vipshop Holdings to a buy rating in a research note on Friday, August 12th. Finally, Deutsche Bank AG downgraded Vipshop Holdings from a buy rating to a hold rating and increased their target price for the company from $16.60 to $16.90 in a research note on Wednesday, August 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $15.02.
Shares of Vipshop Holdings (NYSE:VIPS) opened at 11.50 on Thursday. The firm has a 50 day moving average price of $13.55 and a 200 day moving average price of $13.29. Vipshop Holdings has a 52 week low of $10.21 and a 52 week high of $17.53. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 26.62 and a beta of 1.83.
Several institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in Vipshop Holdings by 118.5% in the second quarter. Sei Investments Co. now owns 9,268 shares of the company’s stock worth $103,000 after buying an additional 5,027 shares during the period. Tower Research Capital LLC TRC increased its position in Vipshop Holdings by 239.8% in the second quarter. Tower Research Capital LLC TRC now owns 10,178 shares of the company’s stock worth $114,000 after buying an additional 7,183 shares during the period. Tdam USA Inc. purchased a new position in Vipshop Holdings during the third quarter worth about $149,000. CIBC Asset Management Inc purchased a new position in Vipshop Holdings during the second quarter worth about $121,000. Finally, Capstone Asset Management Co. purchased a new position in Vipshop Holdings during the second quarter worth about $131,000. Hedge funds and other institutional investors own 78.43% of the company’s stock.
Vipshop Holdings Company Profile