As published in a research note from Credit Suisse on August 22, 2022, Vipshop Holdings Limited [VIPS] has been rated up from a Neutral to an Outperform and the price target has been revised to $12 from $10.30. This represents a -13.5% premium over Thursday’s closing price. Analysts at Citigroup upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in late August. As of May 20, 2022, Citigroup has decreased its “Neutral” rating to a “Sell” for VIPS. Earlier on February 24, 2022, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for VIPS stock which previously was a “an Overweight”.
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Analyzing VIPS Stock Performance
On Thursday, Vipshop Holdings Limited [NYSE: VIPS] rose 0.37% to $13.62. The stock’s lowest price that day was $13.615, but it reached a high of $14.96 in the same session. During the last five days, there has been a drop of approximately -6.71%. Over the course of the year, Vipshop Holdings Limited shares have dropped approximately -0.15%. Shares of the company reached a 52-week high of $16.18 on 02/01/23 and a 52-week low of $13.14 on 02/21/23. A 50-day SMA is recorded $14.47, while a 200-day SMA reached $10.73. Nevertheless, trading volume fell to 6.75 million shares from 8.61 million shares the previous day.
Support And Resistance Levels for Vipshop Holdings Limited (VIPS)
According to the 24-hour chart, there is a support level at 13.17, which, if violated, would cause prices to drop to 12.72. In the upper region, resistance lies at 14.52. The next price resistance is at 15.41. RSI (Relative Strength Index) is 40.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.83, which suggests the price will decrease in the coming days. Percent R is at 80.91%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Which companies own the most shares of Vipshop Holdings Limited (VIPS)?
According to HHLR Advisors Ltd. filings, the company currently owns 18,989,100 shares, which is about 3.57% of the total VIPS shares outstanding. The investor’s shares have plunged by -1,154,586 from its previous 13-F filing of 20143686.0 shares. With the completion of the sale transaction, Harris Associates LP’s stake is now worth $293,780,962. Krane Funds Advisors LLC acquire a 7.96% interest valued at $240.74 million while BlackRock Fund Advisors sold a -576,149 stake. A total of -344,025 shares of Vipshop Holdings Limited were sold by The Vanguard Group, Inc. during the quarter, and 11,365,808 by Robeco Institutional Asset Manage. In its current portfolio, Dimensional Fund Advisors LP holds 10,154,884 shares valued at $157.1 million.
In terms of Vipshop Holdings Limited share price expectations, FactSet research, analysts set an average price target of $97.40 in the next 12 months, up nearly 612.53% from the previous closing price of $13.57. Analysts anticipate Vipshop Holdings Limited stock to reach $127.49 by 2023, with the lowest price target being $53.50. In spite of this, 22 analysts ranked Vipshop Holdings Limited stock as an Overweight at the end of 2023. On November 22, 2021, Citigroup assigned a price target of “a Neutral” to the stock and downgraded coverage with a $11.