Vipshop (NYSE:VIPS) Shares Cross Below 50 Day Moving Average - Here's Why

Vipshop Holdings Limited (NYSE:VIPS - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $19.15 and traded as low as $19.02. Vipshop shares last traded at $19.0750, with a volume of 2,508,011 shares changing hands.Analyst Ratings ChangesSeveral research analysts have recently commented on VIPS shares. Wall Street Zen downgraded Vipshop from a "buy" rating to a "hold" rating in a research note on Sunday, November 30th. Benchmark reissued a "hold" rating on shares of Vipshop in a report on Friday, November 21st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Vipshop in a report on Monday. Citigroup reiterated a "neutral" rating on shares of Vipshop in a research report on Thursday, November 20th. Finally, Barclays raised their price objective on shares of Vipshop from $19.00 to $21.00 and gave the company an "overweight" rating in a research report on Friday, November 21st. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $19.83.Get Our Latest Research Report on VipshopVipshop Trading Down 0.4%The company has a 50 day simple moving average of $19.15 and a two-hundred day simple moving average of $17.37. The firm has a market capitalization of $9.78 billion, a P/E ratio of 10.04, a P/E/G ratio of 1.82 and a beta of 0.73. Institutional Trading of VipshopSeveral hedge funds have recently bought and sold shares of the stock. Nuveen LLC purchased a new position in shares of Vipshop during the first quarter valued at about $11,816,000. Public Sector Pension Investment Board boosted its stake in Vipshop by 14.0% during the first quarter. Public Sector Pension Investment Board now owns 123,949 shares of the technology company's stock valued at $1,944,000 after buying an additional 15,200 shares during the last quarter. HighTower Advisors LLC purchased a new position in Vipshop during the 1st quarter valued at approximately $507,000. Dimensional Fund Advisors LP grew its holdings in Vipshop by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,330,548 shares of the technology company's stock valued at $130,731,000 after buying an additional 267,398 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Vipshop by 8.8% in the 1st quarter. American Century Companies Inc. now owns 1,608,899 shares of the technology company's stock worth $25,228,000 after acquiring an additional 129,955 shares during the last quarter. Hedge funds and other institutional investors own 48.82% of the company's stock. Vipshop Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than VipshopWhat Does a Stock Split Mean? Post 35% Surge, Analysts Eye More Upside in Copper Giant FreeportMost active stocks: Dollar volume vs share volumeWhy a SpaceX IPO Could Be a Major Catalyst for GOOGL StockHow to Calculate Options ProfitsCan Upwork Maintain Its Comeback? Reasons to Be Bullish and BearishThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Vipshop Right Now?Before you consider Vipshop, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vipshop wasn't on the list.While Vipshop currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here