Nomura Downgrades Vipshop (NYSE:VIPS) to Neutral

Vipshop (NYSE:VIPS) was downgraded by analysts at Nomura from a “buy” rating to a “neutral” rating in a research note issued on Thursday, Marketbeat Ratings reports.

Several other equities research analysts have also issued reports on the company. Wall Street Zen cut Vipshop from a “buy” rating to a “hold” rating in a research note on Monday. Benchmark restated a “hold” rating on shares of Vipshop in a research note on Friday, May 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vipshop in a report on Friday, August 21st. UBS Group set a $18.50 price objective on Vipshop and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Morgan Stanley set a $16.00 target price on Vipshop in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.18.

Vipshop Trading Down 4.7%

Shares of NYSE:VIPS traded down $0.66 during mid-day trading on Thursday, hitting $13.43. 761,681 shares of the company traded hands, compared to its average volume of 2,316,393. The stock has a 50-day moving average price of $14.24 and a two-hundred day moving average price of $14.96. Vipshop has a 12-month low of $12.65 and a 12-month high of $21.08. The stock has a market cap of $6.43 billion, a P/E ratio of 4.45, a P/E/G ratio of 1.44 and a beta of 0.67.

Vipshop (NYSE:VIPS) last released its quarterly earnings results on Tuesday, August 25th. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.47). Vipshop had a net margin of 9.88% and a return on equity of 13.03%. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. As a group, analysts expect that Vipshop will post 2.24 earnings per share for the current year.

Institutional Trading of Vipshop

A number of institutional investors have recently added to or reduced their stakes in the stock. Arax Advisory Partners grew its holdings in Vipshop by 96.8% during the 4th quarter. Arax Advisory Partners now owns 1,407 shares of the technology company’s stock valued at $25,000 after buying an additional 692 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Vipshop by 8,472.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,143 shares of the technology company’s stock worth $38,000 after acquiring an additional 2,118 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Vipshop by 100.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock valued at $58,000 after purchasing an additional 1,864 shares during the period. State of Wyoming increased its holdings in shares of Vipshop by 10,007.7% in the first quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock worth $103,000 after purchasing an additional 6,505 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in Vipshop by 104.3% during the fourth quarter. Global Retirement Partners LLC now owns 5,975 shares of the technology company’s stock valued at $106,000 after buying an additional 3,050 shares during the period. Hedge funds and other institutional investors own 48.82% of the company’s stock.

About Vipshop

Vipshop Holdings Limited (NYSE:VIPS) is a leading online discount retailer in China, offering high-quality branded products at competitive prices through a time-limited, flash-sales model. The company provides consumers with access to a rotating selection of merchandise, combining the excitement of limited-time offers with curated brand partnerships to drive customer engagement and loyalty.

Vipshop’s platform features a diverse range of product categories, including apparel, footwear, cosmetics, home furnishings, digital electronics and other lifestyle goods.