Vipshop Holdings Limited (NYSE:VIPS - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $16.58, but opened at $17.42. Vipshop shares last traded at $17.37, with a volume of 802,536 shares.
Several equities analysts recently issued reports on the company. CLSA downgraded Vipshop from an "outperform" rating to a "hold" rating and cut their target price for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. Morgan Stanley reduced their price objective on Vipshop from $16.00 to $14.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 20th. StockNews.com upgraded Vipshop from a "hold" rating to a "buy" rating in a research report on Thursday, September 12th. Citigroup increased their price target on shares of Vipshop from $15.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, September 27th. Finally, UBS Group cut shares of Vipshop from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $17.42.
Read Our Latest Stock Analysis on Vipshop
The stock has a market capitalization of $9.38 billion, a PE ratio of 8.15 and a beta of 0.33. The stock's fifty day moving average is $13.29 and its 200-day moving average is $14.80.
Vipshop (NYSE:VIPS - Get Free Report) last posted its earnings results on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $3.43. The firm had revenue of $25.08 billion for the quarter, compared to analysts' expectations of $26.61 billion. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The company's quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. On average, analysts forecast that Vipshop Holdings Limited will post 2 EPS for the current year.
Several large investors have recently made changes to their positions in VIPS. Krane Funds Advisors LLC increased its holdings in Vipshop by 20.3% in the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company's stock worth $204,901,000 after acquiring an additional 2,659,117 shares in the last quarter. FIL Ltd increased its stake in shares of Vipshop by 31.2% during the fourth quarter. FIL Ltd now owns 10,911,703 shares of the technology company's stock worth $193,792,000 after purchasing an additional 2,593,670 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Vipshop by 28.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company's stock worth $184,600,000 after purchasing an additional 2,273,198 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Vipshop by 155.0% in the 2nd quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company's stock valued at $45,347,000 after buying an additional 2,117,902 shares in the last quarter. Finally, KEYWISE CAPITAL MANAGEMENT HK Ltd acquired a new stake in Vipshop in the 1st quarter worth about $25,487,000. 48.82% of the stock is owned by institutional investors and hedge funds.
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.
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