Vipshop (NYSE:VIPS) Trading Down 5.1% – Time to Sell?

Vipshop Holdings Limited (NYSE:VIPS)’s stock price dropped 5.1% during mid-day trading on Tuesday . The stock traded as low as $15.57 and last traded at $15.61. Approximately 827,977 shares traded hands during trading, a decline of 80% from the average daily volume of 4,062,148 shares. The stock had previously closed at $16.45.

Analyst Upgrades and Downgrades

VIPS has been the subject of several research analyst reports. Citigroup increased their target price on Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Morgan Stanley cut 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. UBS Group cut Vipshop from a “buy” rating to a “neutral” rating and cut their target price for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, CLSA cut 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 report on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.42.

Vipshop Trading Down 4.7 %

The stock has a market capitalization of $7.83 billion, a P/E ratio of 7.05 and a beta of 0.34. The stock has a 50 day moving average of $14.03 and a 200-day moving average of $14.78.

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

Institutional Investors Weigh In On Vipshop

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Krane Funds Advisors LLC increased its holdings in shares of 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 acquiring an additional 2,659,117 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Vipshop by 155.0% in the 2nd quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock valued at $45,347,000 after acquiring an additional 2,117,902 shares during the period. KEYWISE CAPITAL MANAGEMENT HK Ltd purchased a new position in shares of Vipshop in the 1st quarter valued at $25,487,000. Swedbank AB purchased a new position in shares of Vipshop in the 1st quarter valued at $19,185,000. Finally, Vanguard Group Inc. increased its holdings in shares of Vipshop by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 13,513,926 shares of the technology company’s stock valued at $240,007,000 after acquiring an additional 1,154,149 shares during the period. 48.82% of the stock is owned by institutional investors.

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.