Credit Suisse Group reissued their neutral rating on shares of Vipshop (NYSE:VIPS) in a research report released on Wednesday morning, Briefing.com Automated Import reports.
A number of other research analysts have also weighed in on VIPS. UBS Group lowered shares of BHP Group from a buy rating to a neutral rating in a research note on Monday, April 22nd. ValuEngine raised shares of Zillow Group from a hold rating to a buy rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. raised their price objective on shares of Weight Watchers International from $12.00 to $14.00 and gave the company an underweight rating in a research note on Tuesday, April 30th. Zacks Investment Research raised shares of Zymeworks from a hold rating to a buy rating and set a $19.00 price objective on the stock in a research note on Saturday, April 27th. Finally, Citigroup set a $73.00 price target on shares of Esperion Therapeutics and gave the company a buy rating in a research report on Tuesday, May 28th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $8.15.
Vipshop stock opened at $7.51 on Wednesday. Vipshop has a 1-year low of $4.30 and a 1-year high of $10.32. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 17.47 and a beta of 1.89. The firm has a fifty day simple moving average of $7.96.
Several institutional investors and hedge funds have recently added to or reduced their stakes in VIPS. PNC Financial Services Group Inc. lifted its position in shares of Vipshop by 101.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,508 shares of the technology company’s stock valued at $25,000 after purchasing an additional 2,267 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Vipshop during the first quarter valued at about $71,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Vipshop during the second quarter valued at about $88,000. Cadence Capital Management LLC bought a new position in shares of Vipshop during the first quarter valued at about $95,000. Finally, Cornerstone Advisors Inc. lifted its position in shares of Vipshop by 1,178.4% during the first quarter. Cornerstone Advisors Inc. now owns 12,810 shares of the technology company’s stock valued at $103,000 after purchasing an additional 11,808 shares in the last quarter. 46.12% of the stock is currently owned by institutional investors.
Vipshop Company Profile
Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.
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