Vipshop (NYSE:VIPS) Stock Price Down 4.1% – What’s Next?

Vipshop Holdings Limited (NYSE:VIPS)’s share price fell 4.1% during mid-day trading on Wednesday. The company traded as low as $12.47 and last traded at $12.4250. 253,819 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 2,412,592 shares. The stock had previously closed at $12.96.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wall Street Zen lowered shares of 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. Nomura reissued a “neutral” rating and issued a $14.00 target price on shares of Vipshop in a research note on Thursday, August 27th. JPMorgan Chase & Co. dropped their target price on Vipshop from $21.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday, September 10th. Finally, Citigroup reduced their price target on Vipshop from $15.30 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.16.

Vipshop Stock Performance

The company has a 50-day simple moving average of $13.06 and a two-hundred day simple moving average of $13.90. The firm has a market capitalization of $6.01 billion, a P/E ratio of 4.15, a PEG ratio of 2.01 and a beta of 0.57.

Vipshop (NYSE:VIPS) last announced its earnings results on Wednesday, August 26th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.47). The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. Vipshop had a return on equity of 12.63% and a net margin of 9.88%. As a group, research analysts forecast that Vipshop Holdings Limited will post 1.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vipshop

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its holdings in shares of Vipshop by 1.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 125,747 shares of the technology company’s stock valued at $1,620,000 after buying an additional 1,350 shares in the last quarter. Sax Wealth Advisors LLC bought a new position in shares of Vipshop in the 3rd quarter worth about $175,000. QRG Capital Management Inc. increased its stake in shares of Vipshop by 7.5% in the 2nd quarter. QRG Capital Management Inc. now owns 25,834 shares of the technology company’s stock worth $343,000 after acquiring an additional 1,801 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Vipshop by 123.2% during the second quarter. Sequoia Financial Advisors LLC now owns 65,342 shares of the technology company’s stock worth $866,000 after acquiring an additional 36,065 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in Vipshop by 12.8% during the second quarter. Tidal Investments LLC now owns 45,920 shares of the technology company’s stock worth $609,000 after acquiring an additional 5,201 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Company Profile

Vipshop Holdings Limited (NYSE: VIPS) operates an online discount retail platform in China. Through its Vipshop website and mobile applications, the company offers branded products at promotional prices, with a focus on limited-time and seasonal sales.

Its product categories include apparel, footwear, accessories, beauty and personal-care products, home goods, consumer electronics, and other lifestyle merchandise. Vipshop sources products from brand owners, retailers, and other suppliers, and supports transactions through online retail, warehousing, fulfillment, and customer-service operations.

Founded in 2008 and headquartered in Guangzhou, China, Vipshop primarily serves consumers in mainland China.