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

Vipshop Holdings Limited (NYSE:VIPS) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $17.64.

VIPS has been the subject of a number of recent research reports. UBS Group downgraded 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. Barclays began coverage on shares of Vipshop in a research report on Wednesday. They set an “overweight” rating and a $19.00 price objective for the company. CLSA cut Vipshop from an “outperform” rating to a “hold” rating and dropped their price target for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. StockNews.com upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, Morgan Stanley decreased their target price on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th.

Vipshop Stock Performance

NYSE:VIPS opened at $13.97 on Friday. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 6.62, a P/E/G ratio of 1.65 and a beta of 0.34. Vipshop has a 52-week low of $11.50 and a 52-week high of $20.19. The stock’s fifty day moving average price is $14.45 and its two-hundred day moving average price is $14.53.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VIPS. Krane Funds Advisors LLC raised its stake 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 purchasing an additional 2,659,117 shares during the period. Vanguard Group Inc. boosted its position in shares of Vipshop by 1.8% in the first quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock valued at $227,772,000 after acquiring an additional 248,743 shares during the period. First Beijing Investment Ltd purchased a new position in Vipshop during the third quarter valued at approximately $120,182,000. Dimensional Fund Advisors LP lifted its stake in Vipshop by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,739,378 shares of the technology company’s stock worth $87,771,000 after purchasing an additional 343,739 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Vipshop by 2.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,559,051 shares of the technology company’s stock valued at $85,399,000 after purchasing an additional 184,000 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.