Vipshop (NYSE:VIPS) Shares Gap Down – Should You Sell?

Shares of Vipshop Holdings Limited (NYSE:VIPS) gapped down prior to trading on Tuesday . The stock had previously closed at $14.36, but opened at $14.05. Vipshop shares last traded at $13.97, with a volume of 508,336 shares traded.

Analyst Ratings Changes

A number of analysts have recently commented on VIPS shares. Citigroup lowered shares of Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research report on Tuesday, April 1st. Barclays dropped their price target on shares of Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, May 22nd. Finally, Wall Street Zen lowered shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $15.10.

Vipshop Price Performance

The company’s 50-day simple moving average is $14.09 and its 200-day simple moving average is $14.29. The stock has a market capitalization of $7.23 billion, a P/E ratio of 6.74, a price-to-earnings-growth ratio of 1.52 and a beta of 0.60.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Wednesday, February 26th. The technology company reported $0.65 earnings per share (EPS) 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 the consensus estimate of $3.82 billion. On average, analysts forecast that Vipshop Holdings Limited will post 1.95 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vipshop

Several institutional investors and hedge funds have recently modified their holdings of the stock. Baader Bank Aktiengesellschaft increased its holdings in shares of Vipshop by 5.0% in the first quarter. Baader Bank Aktiengesellschaft now owns 15,755 shares of the technology company’s stock valued at $245,000 after purchasing an additional 755 shares during the last quarter. Atlas Capital Advisors Inc. increased its holdings in shares of Vipshop by 41.5% in the first quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock valued at $56,000 after purchasing an additional 1,046 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Vipshop by 2.2% in the first quarter. Asset Management One Co. Ltd. now owns 54,607 shares of the technology company’s stock valued at $856,000 after acquiring an additional 1,165 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Vipshop by 5.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company’s stock valued at $349,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Vipshop by 17.5% in the fourth quarter. Blue Trust Inc. now owns 9,972 shares of the technology company’s stock valued at $134,000 after acquiring an additional 1,487 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

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.