Brokerages Set Vipshop Holdings Limited (NYSE:VIPS) Price Target at $20.50

Vipshop Holdings Limited (NYSE:VIPS) has received an average recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $17.75.

A number of brokerages have weighed in on VIPS. Morgan Stanley decreased their price objective on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday. Citigroup decreased their price target on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Benchmark cut shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. StockNews.com lowered shares of Vipshop from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 13th. Finally, UBS Group cut Vipshop from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $12.50 in a report on Wednesday.

Vipshop Stock Down 1.4 %

VIPS opened at $12.52 on Tuesday. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 5.82 and a beta of 0.32. The firm’s fifty day simple moving average is $13.75 and its two-hundred day simple moving average is $15.63. Vipshop has a 52-week low of $11.50 and a 52-week high of $20.19.

Vipshop (NYSE:VIPS) last posted its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $3.43. Vipshop had a return on equity of 23.74% and a net margin of 7.60%. The company had revenue of $25.08 billion for the quarter, compared to analysts’ expectations of $26.61 billion. During the same period in the previous year, the firm posted $0.51 EPS. Vipshop’s revenue was down 4.1% compared to the same quarter last year. On average, research analysts forecast that Vipshop will post 2.16 EPS for the current year.

Hedge Funds Weigh In On Vipshop

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in Vipshop in the fourth quarter valued at approximately $70,333,000. Krane Funds Advisors LLC raised its position in Vipshop by 20.3% in the second quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock valued at $204,901,000 after purchasing an additional 2,659,117 shares during the period. FIL Ltd lifted its stake in shares of Vipshop by 31.2% in the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock valued at $193,792,000 after purchasing an additional 2,593,670 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings 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 period. Finally, Hsbc Holdings PLC increased its position in shares of Vipshop by 155.0% during the 2nd quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock worth $45,347,000 after purchasing an additional 2,117,902 shares during the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

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