Research analysts at StockNews.com initiated coverage on shares of Vipshop (NYSE:VIPS – Get Rating) in a report released on Thursday. The firm set a "buy" rating on the technology company's stock.
A number of other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Vipshop from $10.00 to $17.00 and gave the company a "neutral" rating in a research report on Wednesday, January 11th. UBS Group raised shares of Vipshop from a "neutral" rating to a "buy" rating and set a $17.50 price target on the stock in a research report on Friday, February 24th. Nomura raised shares of Vipshop from a "neutral" rating to a "buy" rating in a research report on Friday, February 24th. Benchmark upgraded shares of Vipshop from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research note on Friday, February 24th. Finally, The Goldman Sachs Group lifted their price objective on shares of Vipshop from $10.10 to $11.40 and gave the company a "neutral" rating in a research note on Wednesday, November 23rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $13.18.
Get Vipshop alerts:Vipshop Stock Performance
VIPS opened at $14.98 on Thursday. The company's 50 day simple moving average is $14.81 and its 200 day simple moving average is $11.79. Vipshop has a 1 year low of $6.36 and a 1 year high of $16.18. The stock has a market capitalization of $10.17 billion, a PE ratio of 10.33 and a beta of 0.45.
Vipshop (NYSE:VIPS – Get Rating) last released its earnings results on Thursday, February 23rd. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. The business had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $4.52 billion. Vipshop had a net margin of 6.05% and a return on equity of 16.75%. As a group, sell-side analysts expect that Vipshop will post 1.39 earnings per share for the current fiscal year.
Institutional Trading of Vipshop
Several institutional investors have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC acquired a new stake in Vipshop in the fourth quarter valued at $1,435,000. Natixis acquired a new stake in Vipshop in the fourth quarter valued at $27,000. Macquarie Group Ltd. raised its holdings in Vipshop by 8.9% in the fourth quarter. Macquarie Group Ltd. now owns 42,562 shares of the technology company's stock valued at $581,000 after acquiring an additional 3,477 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Vipshop during the fourth quarter worth $5,668,000. Finally, DRW Securities LLC acquired a new stake in shares of Vipshop during the fourth quarter worth $162,000. 49.81% of the stock is owned by institutional investors and hedge funds.
Vipshop Company Profile
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Vipshop Holdings Ltd. operates as a holding company which through its subsidiaries engages in the provision of online product sales and distributions services. It offers womenswear, menswear, footwear, accessories, handbags, apparel for children, sportswear and sporting goods, cosmetic goods, home and lifestyle products, luxury goods, and gifts and miscellaneous.
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