Vipshop (NYSE:VIPS) Shares Up 4.1%

Vipshop Holdings Limited (NYSE:VIPS) shot up 4.1% during trading on Friday . The company traded as high as $16.57 and last traded at $16.44. 674,979 shares were traded during trading, a decline of 86% from the average session volume of 4,686,842 shares. The stock had previously closed at $15.79.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VIPS shares. Bank of America upped their price objective on Vipshop from $15.20 to $17.80 in a research note on Tuesday, May 23rd. JPMorgan Chase & Co. upped their price target on shares of Vipshop from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, June 30th. UBS Group boosted their target price on shares of Vipshop from $18.50 to $20.00 in a report on Friday, June 30th. Benchmark restated a “buy” rating and issued a $19.00 target price on shares of Vipshop in a research note on Monday, August 21st. Finally, StockNews.com started coverage on shares of Vipshop in a report on Thursday, August 17th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Vipshop presently has a consensus rating of “Moderate Buy” and an average price target of $16.02.

Vipshop Trading Up 2.7 %

The stock has a 50 day moving average price of $16.73 and a 200 day moving average price of $15.76. The company has a market cap of $9.50 billion, a PE ratio of 8.58 and a beta of 0.60.

Vipshop (NYSE:VIPS) last posted its quarterly earnings data on Friday, August 18th. The technology company reported $4.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $1.07. The company had revenue of $26.16 billion during the quarter, compared to analyst estimates of $27.86 billion. Vipshop had a return on equity of 20.96% and a net margin of 7.23%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the company earned $0.29 EPS. Equities analysts expect that Vipshop Holdings Limited will post 1.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VIPS. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Vipshop by 136.5% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 263,691 shares of the technology company’s stock valued at $2,136,000 after purchasing an additional 152,189 shares during the last quarter. American Century Companies Inc. lifted its stake in Vipshop by 13.9% in the first quarter. American Century Companies Inc. now owns 183,326 shares of the technology company’s stock worth $1,650,000 after purchasing an additional 22,392 shares during the last quarter. HighTower Advisors LLC bought a new stake in Vipshop in the first quarter worth about $108,000. Great West Life Assurance Co. Can raised its holdings in shares of Vipshop by 3.3% in the first quarter. Great West Life Assurance Co. Can now owns 658,785 shares of the technology company’s stock worth $6,197,000 after buying an additional 21,100 shares during the period. Finally, Yousif Capital Management LLC purchased a new stake in shares of Vipshop in the first quarter worth approximately $146,000. 49.84% of the stock is owned by hedge funds and other institutional investors.

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, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.