Daiwa Capital Markets lowered shares of Vipshop Holdings Limited (NYSE:VIPS) from a buy rating to a hold rating in a research report released on Thursday. The firm currently has $10.00 price target on the technology company’s stock.

Several other analysts have also recently commented on VIPS. TheStreet upgraded shares of Vipshop Holdings Limited from a c+ rating to a b rating in a research note on Thursday, May 11th. Stifel Nicolaus lifted their price objective on shares of Vipshop Holdings Limited from $17.00 to $18.00 and gave the company a buy rating in a research note on Tuesday, May 16th. J P Morgan Chase & Co upgraded shares of Vipshop Holdings Limited from a neutral rating to an overweight rating and set a $18.00 price objective for the company in a research note on Tuesday, May 16th. Nomura restated a neutral rating and set a $16.80 price objective (up from $16.40) on shares of Vipshop Holdings Limited in a research note on Tuesday, May 16th. Finally, Jefferies Group LLC restated a buy rating and set a $17.00 price objective on shares of Vipshop Holdings Limited in a research note on Friday, May 19th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $14.44.

Vipshop Holdings Limited (NYSE VIPS) opened at 9.86 on Thursday. Vipshop Holdings Limited has a 12 month low of $9.84 and a 12 month high of $16.24. The company’s 50-day moving average is $11.30 and its 200-day moving average is $12.61. The company has a market cap of $5.79 billion, a P/E ratio of 19.52 and a beta of 1.90.

Vipshop Holdings Limited (NYSE:VIPS) last announced its quarterly earnings data on Wednesday, August 16th. The technology company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by $0.01. Vipshop Holdings Limited had a net margin of 3.17% and a return on equity of 40.08%. The business had revenue of $17.52 billion for the quarter, compared to analyst estimates of $17.30 billion. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The business’s revenue was up 30.3% on a year-over-year basis. On average, equities research analysts expect that Vipshop Holdings Limited will post $0.81 EPS for the current fiscal year.

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Institutional investors have recently bought and sold shares of the stock. 1st Global Advisors Inc. boosted its position in Vipshop Holdings Limited by 1.5% in the second quarter. 1st Global Advisors Inc. now owns 10,669 shares of the technology company’s stock valued at $113,000 after buying an additional 160 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Vipshop Holdings Limited by 23.5% in the second quarter. The Manufacturers Life Insurance Company now owns 70,900 shares of the technology company’s stock valued at $748,000 after buying an additional 13,500 shares in the last quarter. Caxton Associates LP purchased a new position in Vipshop Holdings Limited during the second quarter valued at about $328,000. Cubist Systematic Strategies LLC boosted its position in Vipshop Holdings Limited by 410.2% in the second quarter. Cubist Systematic Strategies LLC now owns 158,655 shares of the technology company’s stock valued at $1,674,000 after buying an additional 127,556 shares in the last quarter. Finally, Sciencast Management LP purchased a new position in Vipshop Holdings Limited during the second quarter valued at about $177,000. Hedge funds and other institutional investors own 68.10% 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.

Analyst Recommendations for Vipshop Holdings Limited (NYSE:VIPS)

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