Vipshop Holdings Limited (NYSE:VIPS – Get Free Report)’s share price gapped down before the market opened on Thursday after Citigroup lowered their price target on the stock from $25.00 to $20.00. The stock had previously closed at $16.52, but opened at $16.16. Citigroup currently has a buy rating on the stock. Vipshop shares last traded at $16.49, with a volume of 1,246,662 shares trading hands.
VIPS has been the topic of a number of other reports. HSBC decreased their price objective on Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. Benchmark downgraded Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, StockNews.com downgraded Vipshop from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 13th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.97.
Institutional Investors Weigh In On Vipshop
Several hedge funds and other institutional investors have recently modified their holdings of VIPS. Nordea Investment Management AB grew its stake in Vipshop by 21.4% in the fourth quarter. Nordea Investment Management AB now owns 1,322,433 shares of the technology company’s stock worth $23,592,000 after purchasing an additional 233,438 shares in the last quarter. American Century Companies Inc. grew its stake in Vipshop by 9.6% in the third quarter. American Century Companies Inc. now owns 996,011 shares of the technology company’s stock worth $15,946,000 after purchasing an additional 87,252 shares in the last quarter. Strs Ohio grew its stake in Vipshop by 46.8% in the fourth quarter. Strs Ohio now owns 430,890 shares of the technology company’s stock worth $7,652,000 after purchasing an additional 137,300 shares in the last quarter. Ariose Capital Management Ltd bought a new position in Vipshop in the fourth quarter worth approximately $35,498,000. Finally, New York State Common Retirement Fund grew its stake in Vipshop by 5.2% in the fourth quarter. New York State Common Retirement Fund now owns 1,218,490 shares of the technology company’s stock worth $21,640,000 after purchasing an additional 60,411 shares in the last quarter. 48.82% of the stock is currently owned by hedge funds and other institutional investors.
Vipshop Trading Down 3.8 %
The firm has a market cap of $8.62 billion, a P/E ratio of 7.83 and a beta of 0.44. The firm has a 50-day simple moving average of $16.42 and a 200-day simple moving average of $16.43.
Vipshop (NYSE:VIPS – Get Free Report) last announced its earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $5.15. The business had revenue of $34.67 billion for the quarter, compared to analysts’ expectations of $33.18 billion. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. Research analysts predict that Vipshop Holdings Limited will post 2.24 earnings per share for the current fiscal year.
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.