Vipshop (NYSE:VIPS) Shares Gap Up – Should You Buy?

Vipshop Holdings Limited (NYSE:VIPS) gapped up prior to trading on Monday . The stock had previously closed at $13.09, but opened at $13.94. Vipshop shares last traded at $14.52, with a volume of 1,250,474 shares trading hands.

Analyst Ratings Changes

A number of analysts have weighed in on VIPS shares. StockNews.com lowered Vipshop from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Citigroup lowered their target price on Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Morgan Stanley lowered their target price on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. Benchmark restated a “hold” rating on shares of Vipshop in a report on Wednesday, November 20th. Finally, Barclays started coverage on Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price for the company. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.50.

Vipshop Stock Down 1.7 %

The business has a 50-day moving average price of $14.54 and a 200-day moving average price of $14.14. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 6.88, a P/E/G ratio of 1.50 and a beta of 0.31.

Hedge Funds Weigh In On Vipshop

Large investors have recently made changes to their positions in the business. Blue Trust Inc. increased its position in shares of Vipshop by 1,904.0% in the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after acquiring an additional 3,351 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Vipshop in the 3rd quarter valued at $56,000. Employees Retirement System of Texas increased its position in shares of Vipshop by 143.2% in the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after acquiring an additional 2,717 shares during the period. National Bank of Canada FI acquired a new position in shares of Vipshop in the 2nd quarter valued at $136,000. Finally, Atomi Financial Group Inc. increased its position in shares of Vipshop by 6.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company’s stock valued at $174,000 after acquiring an additional 702 shares during the period. 48.82% of the stock is owned by institutional investors and hedge funds.

About Vipshop

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.