Sunday, June 26, 2022

Investing in Vipshop Holdings Limited (VIPS) Is Getting More Attractive

Citigroup downgraded its Vipshop Holdings Limited [VIPS] rating to a Sell from a a Neutral in a research note published on Tuesday, May 20, 2022; the price target was decreased to $7.80 from $8.60. PT values the company’s stock at a premium of -37.82 to its Tuesday closing price. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late February from “an Overweight” to “an Equal-weight”. Citigroup also remained covering VIPS and has decreased its forecast on November 22, 2021 with a “Neutral” recommendation from previously “Buy” rating. The Benchmark Company revised its rating on November 19, 2021. It rated VIPS as “a Hold” which previously was an “a Buy”.


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Price Performance Review of VIPS

On Tuesday, Vipshop Holdings Limited [NYSE:VIPS] saw its stock jump 1.80% to $10.75. On the same session, the stock had its day’s lowest price of $10.73, but rose to a high of $11.12. Over the last five days, the stock has gained 7.93%. Vipshop Holdings Limited shares have risen nearly 27.98% since the year began. Nevertheless, the stocks have fallen -39.09% over the past one year. While a 52-week high of $20.70 was reached on 06/08/22, a 52-week low of $5.75 was recorded on 03/15/22. SMA at 50 days reached $8.53, while 200 days put it at $9.69. A total of 6.57 million shares were traded, compared to the trading of 6.19 million shares in the previous session.

Levels Of Support And Resistance For VIPS Stock

The 24-hour chart illustrates a support level at 10.61, which if violated will result in even more drops to 10.48. On the upside, there is a resistance level at 11.00. A further resistance level may holdings at 11.26. The Relative Strength Index (RSI) on the 14-day chart is 62.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.76%. Stochastics %K at 73.34% indicates the stock is a holding.

Vipshop Holdings Limited [VIPS] – Who Are The Largest Shareholders?

In filings from Harris Associates LP, it is revealed that the company now owns 39,745,612 shares, or roughly 6.87% of the outstanding VIPS shares. In other words, the investor’s shares have risen by 1,335,168 from its previous 13-F filing of 38410444.0. Additionally, HHLR Advisors Ltd. increased 147.11% of its stake after which the total value it holdings stand at $205,999,585, while BlackRock Fund Advisors reduced -2.83% of its stake to hold $143.92 million in the firm. Over the last quarter, Allspring Global Investments LLC purchased 5,535 shares of Vipshop Holdings Limited, while The Vanguard Group, Inc. bought -137,774 shares. At present, Krane Funds Advisors LLC is holding 12,492,987 shares valued at $116.18 million. Dimensional Fund Advisors LP owned 10,927,203 shares of the company at the time of its most recent 13F filing, worth $101.62 million.

According to FactSet, Vipshop Holdings Limited’s share price will average $65.30 in the next year, based on opinions of analysts polled by the firm. This is up nearly 517.52 percent from its previous closing price of $10.56. Analysts expect Vipshop Holdings Limited stock to reach the higher price of $80.76, while the lowest price estimate is $50.76. However, 22 analysts have rated VIPS stock as a Hold in their predictions for 2022.

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