Vipshop (NYSE:VIPS) Cut to “Hold” at Wall Street Zen

Vipshop (NYSE:VIPS) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other brokerages also recently weighed in on VIPS. Barclays decreased their price target on Vipshop from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, May 22nd. Citigroup cut Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a research note on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Vipshop has a consensus rating of “Hold” and an average target price of $15.10.

Vipshop Stock Performance

NYSE:VIPS opened at $13.79 on Thursday. Vipshop has a fifty-two week low of $11.50 and a fifty-two week high of $17.94. The company has a 50 day simple moving average of $13.99 and a two-hundred day simple moving average of $14.29. The company has a market capitalization of $7.08 billion, a PE ratio of 6.60, a P/E/G ratio of 1.52 and a beta of 0.60.

Vipshop (NYSE:VIPS) last posted its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.05). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $3.82 billion. Research analysts predict that Vipshop will post 1.95 EPS for the current year.

Institutional Trading of Vipshop

Several large investors have recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in Vipshop during the 1st quarter worth approximately $35,000. Brooklyn Investment Group raised its position in shares of Vipshop by 1,695.2% during the first quarter. Brooklyn Investment Group now owns 2,621 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,475 shares during the period. Atlas Capital Advisors Inc. lifted its holdings in shares of Vipshop by 41.5% in the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock worth $56,000 after purchasing an additional 1,046 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Vipshop during the 1st quarter valued at $62,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Vipshop during the first quarter worth $86,000. 48.82% of the stock is currently owned by institutional investors and hedge funds.

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.