Vipshop Holdings Limited (NYSE:VIPS) Receives $21.13 Average Target Price from Analysts

Vipshop Holdings Limited (NYSE:VIPS) has earned an average recommendation of “Moderate Buy” from the four ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $21.80.

VIPS has been the subject of a number of research reports. StockNews.com cut shares of Vipshop from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. HSBC cut their price objective on Vipshop from $22.90 to $19.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. Finally, Benchmark reiterated a “buy” rating and issued a $29.00 target price on shares of Vipshop in a report on Thursday, February 29th.

Vipshop Price Performance

Shares of Vipshop stock opened at $16.52 on Friday. The stock has a market cap of $8.96 billion, a PE ratio of 8.14 and a beta of 0.44. The firm has a fifty day moving average price of $16.44 and a 200 day moving average price of $16.43. Vipshop has a 1 year low of $13.80 and a 1 year high of $20.19.

Vipshop (NYSE:VIPS) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $5.79 earnings per share for the quarter, beating the consensus estimate of $0.64 by $5.15. Vipshop had a return on equity of 23.19% and a net margin of 7.20%. The firm had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.18 billion. During the same quarter in the previous year, the business earned $0.47 EPS. Vipshop’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, equities analysts expect that Vipshop will post 2.24 EPS for the current year.

Institutional Investors Weigh In On Vipshop

Several institutional investors and hedge funds have recently modified their holdings of VIPS. Norges Bank purchased a new stake in Vipshop during the 4th quarter worth approximately $70,333,000. FIL Ltd increased its stake in shares of Vipshop by 31.2% in the fourth quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after buying an additional 2,593,670 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Vipshop by 28.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock valued at $184,600,000 after acquiring an additional 2,273,198 shares in the last quarter. Ariose Capital Management Ltd bought a new position in Vipshop during the 4th quarter valued at $35,498,000. Finally, Krane Funds Advisors LLC grew its holdings in Vipshop by 14.2% during the 3rd quarter. Krane Funds Advisors LLC now owns 13,062,322 shares of the technology company’s stock worth $209,128,000 after acquiring an additional 1,622,703 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

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.