Vipshop Holdings Limited (NYSE:VIPS) Stock Rated “Hold” by Sell-Side Brokerages

Vipshop Holdings Limited (NYSE:VIPS) has been assigned an average rating of “Hold” from the ten research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $17.16.

A number of equities research analysts have issued reports on the company. Zacks Research upgraded Vipshop from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 29th. JPMorgan Chase & Co. dropped their target price on Vipshop from $21.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday, September 10th. Nomura downgraded Vipshop from a “buy” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research report on Thursday, August 27th. Wall Street Zen lowered Vipshop from a “buy” rating to a “hold” rating in a report on Monday, August 24th. Finally, Barclays decreased their price target on Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, August 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in shares of Vipshop by 45.2% during the third quarter. Parallel Advisors LLC now owns 12,600 shares of the technology company’s stock valued at $158,000 after buying an additional 3,924 shares during the last quarter. CenterBook Partners LP bought a new stake in shares of Vipshop during the 3rd quarter worth approximately $1,339,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Vipshop during the 3rd quarter worth approximately $97,000. Partners Wealth Management LLC bought a new stake in shares of Vipshop during the 3rd quarter worth approximately $438,000. Finally, Signaturefd LLC boosted its holdings in Vipshop by 185.5% during the 3rd quarter. Signaturefd LLC now owns 54,045 shares of the technology company’s stock valued at $676,000 after acquiring an additional 35,113 shares during the period. Institutional investors own 48.82% of the company’s stock.

Vipshop Stock Up 5.8%

Vipshop stock opened at $13.79 on Thursday. The company’s 50-day moving average price is $12.77 and its 200-day moving average price is $14.59. Vipshop has a twelve month low of $12.02 and a twelve month high of $20.49. The company has a market cap of $6.60 billion, a PE ratio of 4.57, a price-to-earnings-growth ratio of 2.05 and a beta of 0.59.

Vipshop (NYSE:VIPS) last announced its earnings results on Wednesday, August 26th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.47). Vipshop had a net margin of 9.88% and a return on equity of 12.63%. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.64 billion. As a group, sell-side analysts expect that Vipshop will post 1.63 earnings per share for the current fiscal year.

Vipshop Company Profile

Vipshop Holdings Limited (NYSE: VIPS) operates an online discount retail platform in China. Through its Vipshop website and mobile applications, the company offers branded products at promotional prices, with a focus on limited-time and seasonal sales.

Its product categories include apparel, footwear, accessories, beauty and personal-care products, home goods, consumer electronics, and other lifestyle merchandise. Vipshop sources products from brand owners, retailers, and other suppliers, and supports transactions through online retail, warehousing, fulfillment, and customer-service operations.

Founded in 2008 and headquartered in Guangzhou, China, Vipshop primarily serves consumers in mainland China.