According to Fintel, JP Morgan upgraded their outlook for Vipshop Holdings Ltd – ADR (NYSE:VIPS) from Neutral to Overweight on May 25, 2023.
The average one-year price target as of May 11, 2023, for Vipshop Holdings Ltd – ADR is 16.48, which represents an increase of 9.97% from its latest closing price of 14.99. The projected annual revenue for Vipshop Holdings Ltd – ADR is 111,366MM, an increase of 5.62%, and the projected annual non-GAAP EPS is 10.44.
The put/call ratio for VIPS is 0.55, indicating a bullish outlook. There are 548 funds or institutions reporting positions in Vipshop Holdings Ltd – ADR. This is an increase of 56 owner(s) or 11.38% in the last quarter, and the average portfolio weight of all funds dedicated to VIPS is 0.35%, representing an increase of 23.56%. Total shares owned by institutions decreased in the last three months by 8.14% to 367,307K shares.
KWEB – KraneShares CSI China Internet ETF has increased its portfolio allocation in VIPS by 41.14% over the last quarter and holds 14,481K shares representing 2.57% ownership of the company. Krane Funds Advisors has increased its portfolio allocation in VIPS by 111,843.31% over the last quarter and holds 14,204K shares representing 2.52% ownership of the company. Harris Associates L P has decreased its portfolio allocation in VIPS by 25.01% over the last quarter and holds 13,631K shares representing 2.42% ownership of the company. Robeco Institutional Asset Management B.V. has increased its portfolio allocation in VIPS by 3.62% over the last quarter and holds 11,187K shares representing 1.99% ownership of the company. Ubs Asset Management Americas has decreased its portfolio allocation in VIPS by 90.13% over the last quarter and holds 10,666K shares representing 1.89% ownership of the company.
Vipshop Holdings Limited is a leading online discount retailer for brands in China that offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices.
This story originally appeared on Fintel.
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