Vipshop (NYSE:VIPS) Shares Gap Down to $12.68

Vipshop Holdings Limited (NYSE:VIPS)’s share price gapped down prior to trading on Monday . The stock had previously closed at $12.68, but opened at $11.98. Vipshop shares last traded at $12.25, with a volume of 1,138,276 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VIPS shares. Benchmark cut shares of Vipshop from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. UBS Group lowered Vipshop from a “buy” rating to a “neutral” rating and cut their target price for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. StockNews.com downgraded Vipshop from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Citigroup cut their price target on Vipshop from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Finally, CLSA cut shares of Vipshop from an “outperform” rating to a “hold” rating and reduced their price target for the stock from $15.80 to $12.00 in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.75.

Vipshop Stock Down 0.5 %

The company has a market capitalization of $6.84 billion, a P/E ratio of 5.87 and a beta of 0.32. The business’s 50-day moving average is $13.64 and its two-hundred day moving average is $15.57.

Vipshop (NYSE:VIPS) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $3.43. The business had revenue of $25.08 billion for the quarter, compared to analyst estimates of $26.61 billion. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. Vipshop’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. Analysts predict that Vipshop Holdings Limited will post 2.16 EPS for the current year.

Institutional Trading of Vipshop

A number of large investors have recently added to or reduced their stakes in VIPS. Krane Funds Advisors LLC lifted its position in shares of Vipshop by 20.3% during the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock valued at $204,901,000 after buying an additional 2,659,117 shares during the last quarter. Vanguard Group Inc. boosted its position in Vipshop by 1.8% during the first quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock worth $227,772,000 after purchasing an additional 248,743 shares during the period. FIL Ltd boosted its position in Vipshop by 31.2% during the fourth quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after purchasing an additional 2,593,670 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Vipshop by 28.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock worth $184,600,000 after purchasing an additional 2,273,198 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Vipshop by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 6,739,378 shares of the technology company’s stock valued at $87,771,000 after purchasing an additional 343,739 shares during the period. 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.