Vipshop (NYSE:VIPS) Trading Up 5.2% – Here’s What Happened

Shares of Vipshop Holdings Limited (NYSE:VIPS) were up 5.2% during trading on Monday . The company traded as high as $14.93 and last traded at $14.93. Approximately 272,386 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 3,960,425 shares. The stock had previously closed at $14.19.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VIPS shares. Citigroup upped their target price on shares of Vipshop from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Morgan Stanley dropped their target price on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. CLSA cut shares of Vipshop from an “outperform” rating to a “hold” rating and lowered their price target for the stock from $15.80 to $12.00 in a research report on Wednesday, August 21st. StockNews.com raised shares of Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Finally, UBS Group cut shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $20.00 to $12.50 in a research report on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vipshop has a consensus rating of “Hold” and an average price target of $17.42.

Vipshop Price Performance

The stock’s 50-day moving average is $14.24 and its 200 day moving average is $14.56. The company has a market cap of $7.90 billion, a PE ratio of 6.89, a PEG ratio of 1.62 and a beta of 0.34.

Vipshop (NYSE:VIPS) last posted its earnings results on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $3.43. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The company had revenue of $25.08 billion during the quarter, compared to analysts’ expectations of $26.61 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. Vipshop’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, analysts expect that Vipshop Holdings Limited will post 1.97 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Krane Funds Advisors LLC raised its holdings in shares of Vipshop by 20.3% in the second quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock worth $204,901,000 after buying an additional 2,659,117 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Vipshop by 1.8% in the first quarter. Vanguard Group Inc. now owns 13,762,669 shares of the technology company’s stock worth $227,772,000 after acquiring an additional 248,743 shares during the period. First Beijing Investment Ltd acquired a new stake in shares of Vipshop in the third quarter worth $120,182,000. Dimensional Fund Advisors LP increased its stake 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 worth $87,771,000 after acquiring an additional 343,739 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Vipshop by 2.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 6,559,051 shares of the technology company’s stock worth $85,399,000 after acquiring an additional 184,000 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.