Vipshop (NYSE:VIPS) Shares Down 5.2% – What’s Next?

Vipshop Holdings Limited (NYSE:VIPS) dropped 5.2% during mid-day trading on Tuesday . The stock traded as low as $14.63 and last traded at $14.58. Approximately 774,599 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 3,141,370 shares. The stock had previously closed at $15.38.

Analyst Ratings Changes

VIPS has been the subject of several analyst reports. Barclays initiated coverage on Vipshop in a report on Wednesday, November 6th. They set an “overweight” rating and a $19.00 price objective for the company. StockNews.com cut Vipshop from a “buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Wednesday, November 20th. Finally, Citigroup decreased their price objective on shares of Vipshop from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.50.

Vipshop Stock Performance

The company’s fifty day moving average is $13.94 and its two-hundred day moving average is $13.97. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 6.93, a P/E/G ratio of 1.54 and a beta of 0.30.

Institutional Investors Weigh In On Vipshop

Hedge funds have recently bought and sold shares of the stock. Hhlr Advisors LTD. boosted its holdings in shares of Vipshop by 6.2% during the 3rd quarter. Hhlr Advisors LTD. now owns 15,720,322 shares of the technology company’s stock worth $247,281,000 after purchasing an additional 914,322 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Vipshop by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,961,402 shares of the technology company’s stock worth $188,060,000 after acquiring an additional 79,254 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Vipshop by 1.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,107,555 shares of the technology company’s stock worth $149,619,000 after buying an additional 139,320 shares during the period. Dimensional Fund Advisors LP increased its stake in Vipshop by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,063,150 shares of the technology company’s stock worth $108,608,000 after buying an additional 993,042 shares during the period. Finally, Invesco Ltd. boosted its holdings in Vipshop by 28.4% in the fourth quarter. Invesco Ltd. now owns 7,759,150 shares of the technology company’s stock valued at $104,516,000 after purchasing an additional 1,718,159 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.