Wall Street Zen Downgrades Vipshop (NYSE:VIPS) to Hold

Vipshop (NYSE:VIPS) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Several other research analysts have also recently issued reports on the company. Citigroup cut Vipshop from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research report on Tuesday, April 1st. Barclays raised their target price on Vipshop from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Vipshop currently has an average rating of “Hold” and an average target price of $15.10.

Vipshop Trading Up 0.7%

VIPS opened at $14.54 on Wednesday. The stock has a fifty day simple moving average of $14.29 and a two-hundred day simple moving average of $14.30. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 6.96, a price-to-earnings-growth ratio of 1.52 and a beta of 0.60. Vipshop has a 12-month low of $11.50 and a 12-month high of $17.94.

Vipshop (NYSE:VIPS) last released its quarterly earnings data on Wednesday, February 26th. The technology company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). Vipshop had a return on equity of 20.89% and a net margin of 7.50%. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $3.82 billion. On average, analysts predict that Vipshop will post 1.95 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VIPS. Baader Bank Aktiengesellschaft lifted its holdings in Vipshop by 5.0% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 15,755 shares of the technology company’s stock worth $245,000 after purchasing an additional 755 shares in the last quarter. Atlas Capital Advisors Inc. increased its position in shares of Vipshop by 41.5% during the 1st quarter. Atlas Capital Advisors Inc. now owns 3,567 shares of the technology company’s stock valued at $56,000 after purchasing an additional 1,046 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Vipshop by 2.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 54,607 shares of the technology company’s stock valued at $856,000 after acquiring an additional 1,165 shares during the last quarter. Atomi Financial Group Inc. grew its position in Vipshop by 10.8% in the 4th quarter. Atomi Financial Group Inc. now owns 12,241 shares of the technology company’s stock valued at $165,000 after acquiring an additional 1,191 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Vipshop by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 25,900 shares of the technology company’s stock valued at $349,000 after acquiring an additional 1,400 shares during the last quarter. 48.82% 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 and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.