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 research note published on Tuesday morning.

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

Vipshop Stock Down 0.1 %

Vipshop stock opened at $13.94 on Tuesday. The stock has a 50-day simple moving average of $14.60 and a 200 day simple moving average of $14.48. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 6.61, a P/E/G ratio of 1.57 and a beta of 0.34. Vipshop has a 12-month low of $11.50 and a 12-month high of $20.19.

Vipshop (NYSE:VIPS) last announced its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share 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 the consensus estimate of $26.61 billion. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The company’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. As a group, sell-side analysts anticipate that Vipshop will post 1.97 EPS for the current year.

Hedge Funds Weigh In On Vipshop

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. First Beijing Investment Ltd acquired a new stake in Vipshop during the 3rd quarter worth $120,182,000. Krane Funds Advisors LLC raised its position in shares of Vipshop by 20.3% during the second quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock worth $204,901,000 after purchasing an additional 2,659,117 shares during the period. 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 valued at $62,670,000 after purchasing an additional 2,558,896 shares in the last quarter. Hsbc Holdings PLC grew its position 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 purchasing an additional 2,117,902 shares during the period. Finally, KEYWISE CAPITAL MANAGEMENT HK Ltd bought a new stake in Vipshop during the 1st quarter worth approximately $25,487,000. 48.82% of the stock is owned by institutional investors.

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.