Vipshop (NYSE:VIPS) Rating Lowered to “Hold” at StockNews.com

Vipshop (NYSE:VIPS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

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

Vipshop Trading Up 0.5 %

Shares of Vipshop stock opened at $13.94 on Tuesday. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 6.60, a PEG ratio of 1.56 and a beta of 0.34. Vipshop has a twelve month low of $11.50 and a twelve month high of $20.19. The business’s 50 day simple moving average is $14.54 and its 200-day simple moving average is $14.49.

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

Institutional Trading of Vipshop

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