Shares of Vipshop Holdings Ltd – (NYSE:VIPS) rose 6.8% on Monday following a better than expected earnings announcement. The company traded as high as $16.46 and last traded at $16.39. Approximately 14,397,714 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 13,569,211 shares. The stock had previously closed at $15.34.

The technology company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Vipshop had a net margin of 3.00% and a return on equity of 34.85%.

VIPS has been the subject of several research reports. Daiwa Capital Markets upgraded shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Monday, December 18th. Nomura upgraded shares of Vipshop from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 10th. KeyCorp set a $13.00 target price on shares of Vipshop and gave the stock a “buy” rating in a research report on Thursday, October 19th. Sanford C. Bernstein upgraded shares of Vipshop from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research report on Tuesday, January 16th. Finally, UBS Group initiated coverage on shares of Vipshop in a research report on Monday, October 30th. They issued a “neutral” rating and a $9.00 target price for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $14.12.

A number of hedge funds and other institutional investors have recently bought and sold shares of VIPS. California Public Employees Retirement System boosted its position in Vipshop by 2.2% during the second quarter. California Public Employees Retirement System now owns 483,700 shares of the technology company’s stock valued at $5,103,000 after buying an additional 10,500 shares during the period. Advisor Group Inc. boosted its position in Vipshop by 104.3% during the second quarter. Advisor Group Inc. now owns 18,066 shares of the technology company’s stock valued at $190,000 after buying an additional 9,222 shares during the period. Dimensional Fund Advisors LP boosted its position in Vipshop by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,352,162 shares of the technology company’s stock valued at $24,945,000 after buying an additional 99,867 shares during the period. Voya Investment Management LLC boosted its position in Vipshop by 12.9% during the second quarter. Voya Investment Management LLC now owns 57,015 shares of the technology company’s stock valued at $602,000 after buying an additional 6,530 shares during the period. Finally, QS Investors LLC boosted its position in Vipshop by 1.6% during the second quarter. QS Investors LLC now owns 18,600 shares of the technology company’s stock valued at $196,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 51.87% of the company’s stock.

The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 0.54. The stock has a market cap of $10,380.00, a PE ratio of 34.98 and a beta of 2.45.

ILLEGAL ACTIVITY WARNING: “Vipshop (VIPS) Stock Price Up 6.8% After Better-Than-Expected Earnings” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this report can be accessed at https://www.thecerbatgem.com/2018/02/14/vipshop-vips-stock-price-up-6-8-after-better-than-expected-earnings.html.

About Vipshop

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.

Receive News & Ratings for Vipshop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vipshop and related companies with MarketBeat.com's FREE daily email newsletter.