Vipshop (NYSE:VIPS) Stock Price Down 4.9% on Analyst Downgrade

Vipshop Holdings Limited (NYSE:VIPS) was down 4.9% during trading on Thursday after Nomura downgraded the stock from a buy rating to a neutral rating. The company traded as low as $13.48 and last traded at $13.3880. 802,517 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 2,318,202 shares. The stock had previously closed at $14.08.

A number of other equities analysts also recently issued reports on VIPS. UBS Group set a $18.50 price objective on Vipshop and gave the stock a “buy” rating in a research report on Friday, May 22nd. Morgan Stanley set a $16.00 target price on shares of Vipshop in a research report on Wednesday. Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vipshop in a research note on Friday, August 21st. Finally, Benchmark reiterated a “hold” rating on shares of Vipshop in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Vipshop currently has an average rating of “Hold” and an average price target of $20.18.

Institutional Investors Weigh In On Vipshop

Several large investors have recently added to or reduced their stakes in VIPS. Goldman Sachs Group Inc. boosted its holdings in shares of Vipshop by 29.6% during the 1st 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 in 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 valued at $678,000 after acquiring an additional 8,779 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Vipshop during the 2nd quarter valued at $505,000. California Public Employees Retirement System lifted its position 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 valued at $10,063,000 after acquiring an additional 58,820 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in Vipshop by 14.1% during the second 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 in the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Stock Down 5.0%

The firm has a market capitalization of $6.41 billion, a P/E ratio of 4.42, a price-to-earnings-growth ratio of 1.44 and a beta of 0.67. The company’s 50 day moving average is $14.24 and its 200-day moving average is $14.96.

Vipshop (NYSE:VIPS) last posted its quarterly earnings results on Tuesday, August 25th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.47). Vipshop had a net margin of 9.88% and a return on equity of 13.03%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. On average, analysts predict that Vipshop Holdings Limited will post 2.24 EPS for the current fiscal year.

Vipshop Company Profile

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.