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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
