Vipshop Holdings Limited (NYSE:VIPS) Upgraded at BidaskClub
Vipshop Holdings Limited (NYSE:VIPS) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Sunday.
A number of other equities research analysts also recently weighed in on the company. Deutsche Bank AG downgraded Vipshop Holdings Limited from a “buy” rating to a “hold” rating and lowered their price target for the company from $15.50 to $12.60 in a report on Friday, June 30th. Jefferies Group LLC set a $17.00 price target on Vipshop Holdings Limited and gave the company a “buy” rating in a report on Saturday, April 1st. Nomura reiterated a “neutral” rating and issued a $16.80 price target (up from $16.40) on shares of Vipshop Holdings Limited in a report on Tuesday, May 16th. TheStreet upgraded Vipshop Holdings Limited from a “c+” rating to a “b” rating in a report on Thursday, May 11th. Finally, Benchmark Co. assumed coverage on Vipshop Holdings Limited in a report on Tuesday, April 18th. They issued a “buy” rating and a $17.00 price target for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $15.63.
Shares of Vipshop Holdings Limited (NYSE VIPS) traded down 0.71% during trading on Friday, reaching $11.25. 4,244,280 shares of the company’s stock traded hands. The company has a 50 day moving average price of $12.72 and a 200 day moving average price of $12.60. The stock has a market capitalization of $6.58 billion, a PE ratio of 21.89 and a beta of 1.87. Vipshop Holdings Limited has a 1-year low of $9.94 and a 1-year high of $17.41.
Vipshop Holdings Limited (NYSE:VIPS) last posted its quarterly earnings data on Monday, May 15th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.01. Vipshop Holdings Limited had a return on equity of 44.90% and a net margin of 3.50%. The business had revenue of $15.95 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the prior year, the firm earned $0.16 earnings per share. Vipshop Holdings Limited’s revenue for the quarter was up 31.1% compared to the same quarter last year. On average, equities analysts forecast that Vipshop Holdings Limited will post $0.83 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of Vipshop Holdings Limited by 31.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,478 shares of the technology company’s stock valued at $116,000 after buying an additional 2,521 shares during the period. OLD National Bancorp IN raised its stake in shares of Vipshop Holdings Limited by 1.1% in the second quarter. OLD National Bancorp IN now owns 11,396 shares of the technology company’s stock worth $120,000 after buying an additional 128 shares during the period. Advisors Preferred LLC bought a new stake in shares of Vipshop Holdings Limited during the first quarter worth about $134,000. Koch Industries Inc. bought a new stake in shares of Vipshop Holdings Limited during the first quarter worth about $151,000. Finally, United Capital Financial Advisers LLC bought a new stake in shares of Vipshop Holdings Limited during the first quarter worth about $152,000. Institutional investors own 68.52% of the company’s stock.
Vipshop Holdings Limited Company Profile
Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.
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