Vipshop Holdings Limited (NYSE:VIPS – Get Rating)'s share price gapped down before the market opened on Monday . The stock had previously closed at $14.98, but opened at $14.56. Vipshop shares last traded at $14.70, with a volume of 1,156,497 shares trading hands.
Analyst Upgrades and Downgrades
VIPS has been the subject of several research analyst reports. Benchmark raised shares of Vipshop from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a report on Friday, February 24th. Nomura Instinet raised shares of Vipshop from a "neutral" rating to a "buy" rating and boosted their price target for the company from $10.00 to $17.00 in a report on Friday, February 24th. Nomura raised shares of Vipshop from a "neutral" rating to a "buy" rating in a report on Friday, February 24th. StockNews.com initiated coverage on shares of Vipshop in a report on Thursday, March 16th. They issued a "buy" rating for the company. Finally, UBS Group raised shares of Vipshop from a "neutral" rating to a "buy" rating and set a $17.50 price target for the company in a report on Friday, February 24th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $13.18.
Get Vipshop alerts:Vipshop Stock Performance
The firm's 50-day simple moving average is $14.78 and its 200 day simple moving average is $11.88. The stock has a market capitalization of $9.89 billion, a P/E ratio of 10.04 and a beta of 0.45.
Vipshop (NYSE:VIPS – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The technology company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. Vipshop had a net margin of 6.05% and a return on equity of 16.75%. The firm had revenue of $4.60 billion for the quarter, compared to analysts' expectations of $4.52 billion. As a group, research analysts expect that Vipshop Holdings Limited will post 1.39 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Vipshop
A number of institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in shares of Vipshop by 18.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the technology company's stock valued at $65,000 after purchasing an additional 730 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Vipshop by 14.0% in the 4th quarter. Quadrant Capital Group LLC now owns 9,892 shares of the technology company's stock valued at $135,000 after purchasing an additional 1,211 shares during the period. IFP Advisors Inc raised its holdings in shares of Vipshop by 69.5% in the 4th quarter. IFP Advisors Inc now owns 3,115 shares of the technology company's stock valued at $38,000 after purchasing an additional 1,277 shares during the period. Creative Planning raised its holdings in shares of Vipshop by 1.5% in the 2nd quarter. Creative Planning now owns 87,125 shares of the technology company's stock valued at $862,000 after purchasing an additional 1,300 shares during the period. Finally, HighTower Advisors LLC raised its holdings in shares of Vipshop by 12.1% in the 4th quarter. HighTower Advisors LLC now owns 14,904 shares of the technology company's stock valued at $204,000 after purchasing an additional 1,604 shares during the period. 49.81% of the stock is owned by institutional investors.
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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