BidaskClub lowered shares of Vipshop Holdings Limited (NYSE:VIPS) from a sell rating to a strong sell rating in a report released on Tuesday morning.
A number of other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Vipshop Holdings Limited from a buy rating to a hold rating in a report on Wednesday, September 20th. Macquarie cut their price target on shares of Vipshop Holdings Limited from $16.50 to $11.00 and set an outperform rating on the stock in a report on Friday, August 18th. Benchmark Co. raised their price target on shares of Vipshop Holdings Limited from $11.00 to $14.00 and gave the company a buy rating in a report on Friday, August 18th. HSBC Holdings plc downgraded shares of Vipshop Holdings Limited from a hold rating to a reduce rating in a report on Thursday, August 17th. Finally, Daiwa Capital Markets downgraded shares of Vipshop Holdings Limited from a buy rating to a hold rating and set a $10.00 price target on the stock. in a report on Thursday, August 17th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Vipshop Holdings Limited presently has an average rating of Hold and an average target price of $14.04.
Shares of Vipshop Holdings Limited (VIPS) opened at 7.90 on Tuesday. Vipshop Holdings Limited has a 12-month low of $7.87 and a 12-month high of $15.49. The stock’s 50 day moving average price is $9.10 and its 200-day moving average price is $11.59. The firm has a market capitalization of $4.64 billion, a P/E ratio of 15.31 and a beta of 1.87.
Vipshop Holdings Limited (NYSE:VIPS) last released its earnings results on Wednesday, August 16th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Vipshop Holdings Limited had a return on equity of 40.08% and a net margin of 3.17%. The company had revenue of $17.52 billion during the quarter, compared to analysts’ expectations of $17.30 billion. During the same quarter in the previous year, the company earned $0.17 EPS. The firm’s quarterly revenue was up 30.3% compared to the same quarter last year. On average, equities analysts expect that Vipshop Holdings Limited will post $0.73 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Vipshop Holdings Limited by 4,449.5% in the 1st quarter. BlackRock Inc. now owns 17,839,154 shares of the technology company’s stock worth $237,973,000 after purchasing an additional 17,447,045 shares during the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Vipshop Holdings Limited during the 2nd quarter valued at about $9,040,000. Wellington Management Group LLP boosted its position in shares of Vipshop Holdings Limited by 4.9% during the 1st quarter. Wellington Management Group LLP now owns 3,248,556 shares of the technology company’s stock valued at $43,336,000 after acquiring an additional 150,848 shares in the last quarter. NorthCoast Asset Management LLC acquired a new stake in shares of Vipshop Holdings Limited during the 2nd quarter valued at about $527,000. Finally, OppenheimerFunds Inc. boosted its position in shares of Vipshop Holdings Limited by 7.7% during the 1st quarter. OppenheimerFunds Inc. now owns 658,830 shares of the technology company’s stock valued at $8,789,000 after acquiring an additional 47,250 shares in the last quarter. Institutional investors own 56.42% of the company’s stock.
About Vipshop Holdings Limited
Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.
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