StockNews.com Downgrades Vipshop (NYSE:VIPS) to Hold

StockNews.com downgraded shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a report issued on Tuesday.

A number of other analysts have also recently commented on VIPS. UBS Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and dropped their price target for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Barclays initiated coverage on Vipshop in a research report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 target price on the stock. CLSA lowered Vipshop from an “outperform” rating to a “hold” rating and decreased their price objective for the company from $15.80 to $12.00 in a research note on Wednesday, August 21st. Citigroup increased their price objective on Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Morgan Stanley reduced their target price on Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.64.

Vipshop Trading Up 0.1 %

Shares of NYSE VIPS opened at $13.96 on Tuesday. The stock has a fifty day simple moving average of $14.57 and a two-hundred day simple moving average of $14.49. Vipshop has a 1-year low of $11.50 and a 1-year high of $20.19. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 6.62, a price-to-earnings-growth ratio of 1.56 and a beta of 0.34.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. First Beijing Investment Ltd bought a new stake in Vipshop during the third quarter valued at approximately $120,182,000. Krane Funds Advisors LLC raised its position in shares of Vipshop by 20.3% during 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Vipshop by 179.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,984,082 shares of the technology company’s stock worth $62,670,000 after acquiring an additional 2,558,896 shares during the last quarter. Hsbc Holdings PLC grew its position in Vipshop by 155.0% in 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 bought a new position in Vipshop in the first quarter valued at $25,487,000. Hedge funds and other institutional investors 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.