Vipshop Holdings Limited (NYSE:VIPS) Stock Rated “Hold” by Sell-Side Brokerages

Shares of Vipshop Holdings Limited (NYSE:VIPS) have been given a consensus rating of “Hold” by the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $17.16.

VIPS has been the subject of several research analyst reports. Barclays dropped their price objective on Vipshop from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, August 27th. JPMorgan Chase & Co. lowered their price target on Vipshop from $21.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, September 10th. Wall Street Zen downgraded Vipshop from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. Morgan Stanley set a $16.00 price objective on Vipshop in a report on Wednesday, August 26th. Finally, Nomura restated a “neutral” rating and issued a $14.00 price objective on shares of Vipshop in a research report on Thursday, August 27th.

Vipshop Price Performance

NYSE VIPS opened at $12.94 on Friday. The company’s 50 day simple moving average is $13.42 and its two-hundred day simple moving average is $14.06. Vipshop has a 1 year low of $12.02 and a 1 year high of $20.49. The stock has a market capitalization of $6.20 billion, a PE ratio of 4.28, a P/E/G ratio of 1.97 and a beta of 0.57.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Wednesday, August 26th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.47). The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Vipshop had a net margin of 9.88% and a return on equity of 12.63%. On average, research analysts anticipate that Vipshop will post 1.68 EPS for the current year.

Institutional Trading of Vipshop

A number of hedge funds have recently made changes to their positions in VIPS. Norges Bank bought a new position in Vipshop in the fourth quarter valued at $27,631,000. Public Employees Retirement System of Ohio purchased a new position in shares of Vipshop in the 2nd quarter worth about $7,947,000. Carmignac Gestion boosted its holdings in shares of Vipshop by 9.8% in the 2nd quarter. Carmignac Gestion now owns 4,920,324 shares of the technology company’s stock worth $65,166,000 after purchasing an additional 439,795 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Vipshop by 44.1% during the 1st quarter. SG Americas Securities LLC now owns 1,344,090 shares of the technology company’s stock valued at $21,129,000 after purchasing an additional 411,123 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Vipshop by 281.0% during the 1st quarter. KBC Group NV now owns 535,669 shares of the technology company’s stock valued at $8,421,000 after purchasing an additional 395,088 shares during the last quarter. 48.82% of the stock is owned by institutional investors.

About Vipshop

Vipshop Holdings Limited (NYSE: VIPS) is a China-based online discount retailer specializing in branded products offered through limited-time promotional events. The company operates the Vipshop platform, which connects consumers with discounted apparel, footwear, beauty products, household goods, consumer electronics and other merchandise from domestic and international brands.

Founded in 2008, Vipshop built its business around the “flash sale” model, offering select products for a limited period and helping brands manage excess inventory and reach price-conscious consumers.