StockNews.com Lowers Vipshop (NYSE:VIPS) to Buy

Vipshop (NYSE:VIPS) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.

Other equities analysts have also issued reports about the company. TheStreet raised Vipshop from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Citigroup upped their target price on Vipshop from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. HSBC reduced their target price on Vipshop from $22.90 to $19.00 and set a “hold” rating for the company in a report on Thursday, March 28th. Finally, Benchmark reiterated a “buy” rating and issued a $29.00 price objective on shares of Vipshop in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.13.

Vipshop Price Performance

Shares of VIPS opened at $16.25 on Thursday. The stock has a 50-day moving average of $17.17 and a 200-day moving average of $16.27. The company has a market cap of $9.52 billion, a PE ratio of 8.00 and a beta of 0.41. Vipshop has a one year low of $13.80 and a one year high of $20.19.

Vipshop (NYSE:VIPS) last issued its quarterly earnings data on Wednesday, February 28th. The technology company reported $5.79 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $5.15. The firm had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.18 billion. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 EPS. Analysts expect that Vipshop will post 2.25 EPS for the current fiscal year.

Institutional Trading of Vipshop

Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Vipshop by 6.1% during the first quarter. BlackRock Inc. now owns 27,113,695 shares of the technology company’s stock valued at $411,586,000 after acquiring an additional 1,547,139 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Vipshop by 1.0% during the first quarter. Vanguard Group Inc. now owns 16,345,728 shares of the technology company’s stock valued at $147,111,000 after acquiring an additional 163,532 shares in the last quarter. Krane Funds Advisors LLC increased its position in shares of Vipshop by 14.2% during the third quarter. Krane Funds Advisors LLC now owns 13,062,322 shares of the technology company’s stock valued at $209,128,000 after acquiring an additional 1,622,703 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Vipshop by 10.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,927,203 shares of the technology company’s stock worth $98,379,000 after purchasing an additional 1,069,930 shares during the period. Finally, FIL Ltd grew its position in Vipshop by 31.2% in the 4th 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 during the period. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

Vipshop Company Profile

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.