Vipshop Holdings Limited (NYSE:VIPS) Given Average Rating of “Hold” by Brokerages

Vipshop Holdings Limited (NYSE:VIPS) has received a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $17.42.

A number of research firms have recently weighed in on VIPS. Citigroup increased their price target on Vipshop from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Morgan Stanley decreased their target price on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. CLSA downgraded shares of Vipshop from an “outperform” rating to a “hold” rating and cut their price target for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $20.00 to $12.50 in a research note on Wednesday, August 21st. Finally, StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th.

Vipshop Stock Down 0.1 %

VIPS stock opened at $16.50 on Wednesday. Vipshop has a twelve month low of $11.50 and a twelve month high of $20.19. The company has a market cap of $8.95 billion, a P/E ratio of 7.67 and a beta of 0.34. The business has a fifty day moving average of $13.91 and a 200-day moving average of $14.79.

Vipshop (NYSE:VIPS) last issued its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $3.43. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The company had revenue of $25.08 billion for the quarter, compared to analyst estimates of $26.61 billion. During the same quarter last year, the firm earned $0.51 EPS. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, equities research analysts anticipate that Vipshop will post 1.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VIPS. Krane Funds Advisors LLC raised its position in Vipshop by 20.3% in the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock valued at $204,901,000 after buying an additional 2,659,117 shares during the last quarter. FIL Ltd raised its holdings in shares of Vipshop by 31.2% in the fourth quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock valued at $193,792,000 after purchasing an additional 2,593,670 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Vipshop by 28.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock valued at $184,600,000 after acquiring an additional 2,273,198 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Vipshop by 155.0% during the second quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock worth $45,347,000 after acquiring an additional 2,117,902 shares in the last quarter. Finally, KEYWISE CAPITAL MANAGEMENT HK Ltd acquired a new position in Vipshop during the first quarter valued at approximately $25,487,000. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Company Profile

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.