Vipshop (NYSE:VIPS) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Vipshop (NYSE:VIPS) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

VIPS has been the subject of a number of other research reports. Benchmark reissued a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. UBS Group set a $18.50 price target on shares of Vipshop and gave the company a “buy” rating in a research note on Friday, May 22nd. Weiss Ratings lowered shares of Vipshop from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, Bank of America reiterated an “underperform” rating on shares of Vipshop in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Vipshop presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.18.

Vipshop Stock Performance

Vipshop stock opened at $14.07 on Monday. The company’s fifty day moving average price is $14.24 and its 200 day moving average price is $14.96. Vipshop has a 1 year low of $12.65 and a 1 year high of $21.08. The stock has a market capitalization of $6.74 billion, a P/E ratio of 4.66, a P/E/G ratio of 1.44 and a beta of 0.67.

Vipshop (NYSE:VIPS) last posted its quarterly earnings data on Tuesday, August 25th. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.47). The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. Vipshop had a return on equity of 13.03% and a net margin of 9.88%. Sell-side analysts predict that Vipshop will post 2.24 EPS for the current year.

Institutional Investors Weigh In On Vipshop

A number of large investors have recently made changes to their positions in VIPS. Goldman Sachs Group Inc. boosted its stake in Vipshop by 29.6% during the first quarter. Goldman Sachs Group Inc. now owns 4,931,512 shares of the technology company’s stock worth $77,326,000 after buying an additional 1,126,983 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of Vipshop by 24.2% in the 2nd quarter. Guggenheim Capital LLC now owns 45,053 shares of the technology company’s stock worth $678,000 after acquiring an additional 8,779 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Vipshop in the 2nd quarter worth $505,000. California Public Employees Retirement System raised its holdings in shares of Vipshop by 9.6% during the 2nd quarter. California Public Employees Retirement System now owns 668,627 shares of the technology company’s stock worth $10,063,000 after acquiring an additional 58,820 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Vipshop by 14.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 42,000 shares of the technology company’s stock worth $632,000 after acquiring an additional 5,200 shares during the period. 48.82% of the stock is currently owned by hedge funds and other institutional investors.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.