StockNews.com began coverage on shares of Vipshop (NYSE:VIPS – Get Rating) in a research note published on Thursday morning. The brokerage issued a buy rating on the technology company's stock.
Other analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their price target on Vipshop from $10.00 to $17.00 and gave the company a neutral rating in a research report on Wednesday, January 11th. Benchmark raised Vipshop from a hold rating to a buy rating and set a $15.00 price target for the company in a research report on Friday, February 24th. UBS Group raised Vipshop from a neutral rating to a buy rating and set a $17.50 price objective for the company in a report on Friday, February 24th. The Goldman Sachs Group increased their price objective on Vipshop from $10.10 to $11.40 and gave the company a neutral rating in a report on Wednesday, November 23rd. Finally, Nomura raised Vipshop from a neutral rating to a buy rating in a report on Friday, February 24th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Vipshop presently has an average rating of Moderate Buy and a consensus price target of $13.18.
Get Vipshop alerts:Vipshop Stock Down 2.2 %
Shares of Vipshop stock opened at $14.98 on Thursday. The company has a market cap of $10.17 billion, a PE ratio of 10.33 and a beta of 0.45. Vipshop has a 52 week low of $6.36 and a 52 week high of $16.18. The business has a 50 day moving average price of $14.80 and a 200-day moving average price of $11.82.
Vipshop (NYSE:VIPS – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The technology company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.52 billion. Vipshop had a return on equity of 16.75% and a net margin of 6.05%. As a group, research analysts anticipate that Vipshop will post 1.39 EPS for the current year.
Institutional Trading of Vipshop
A number of hedge funds have recently made changes to their positions in VIPS. California Public Employees Retirement System raised its holdings in Vipshop by 16.9% in the 3rd quarter. California Public Employees Retirement System now owns 906,579 shares of the technology company's stock worth $7,624,000 after acquiring an additional 131,156 shares during the last quarter. LSV Asset Management raised its stake in Vipshop by 36.9% during the 3rd quarter. LSV Asset Management now owns 2,095,800 shares of the technology company's stock valued at $17,626,000 after buying an additional 565,400 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Vipshop by 3.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,434,107 shares of the technology company's stock valued at $45,701,000 after buying an additional 182,290 shares during the last quarter. New York State Common Retirement Fund raised its stake in Vipshop by 3,100.6% during the 3rd quarter. New York State Common Retirement Fund now owns 81,135 shares of the technology company's stock valued at $682,000 after buying an additional 78,600 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado purchased a new stake in Vipshop during the 3rd quarter valued at $42,000. 49.81% of the stock is owned by institutional investors.
About Vipshop
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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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