Vipshop (NYSE:VIPS) Coverage Initiated at Barclays

Barclays assumed coverage on shares of Vipshop (NYSE:VIPS) in a research note released on Wednesday, MarketBeat.com reports. The brokerage issued an overweight rating and a $19.00 price target on the technology company’s stock.

A number of other research analysts also recently issued reports on the stock. Morgan Stanley decreased their target price on shares of 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 cut 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 report on Wednesday, August 21st. UBS Group lowered Vipshop from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $20.00 to $12.50 in a 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, Citigroup upped their price objective on Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.64.

Vipshop Stock Performance

Shares of VIPS stock opened at $14.68 on Wednesday. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $20.19. The firm has a market capitalization of $7.96 billion, a PE ratio of 6.96, a P/E/G ratio of 1.64 and a beta of 0.34. The stock’s 50-day simple moving average is $14.38 and its 200-day simple moving average is $14.55.

Vipshop (NYSE:VIPS) last posted 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 company had revenue of $25.08 billion during the quarter, compared to analyst estimates of $26.61 billion. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. Vipshop’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. Sell-side analysts forecast that Vipshop will post 1.97 earnings per share for the current year.

Institutional Trading of Vipshop

Institutional investors have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Vipshop by 238.7% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 120,582 shares of the technology company’s stock valued at $1,996,000 after buying an additional 84,976 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in Vipshop by 3.2% during the first quarter. Jupiter Asset Management Ltd. now owns 1,536,699 shares of the technology company’s stock worth $25,432,000 after acquiring an additional 48,300 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in Vipshop during the first quarter worth $1,211,000. Swiss National Bank raised its position in Vipshop by 6.9% during the first quarter. Swiss National Bank now owns 807,862 shares of the technology company’s stock worth $13,370,000 after acquiring an additional 52,488 shares during the period. Finally, Swedbank AB acquired a new position in Vipshop during the first quarter worth $19,185,000. 48.82% of the stock is owned by institutional investors and hedge funds.

About Vipshop

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.