Vipshop (NYSE:VIPS) Stock Price Down 4.1% – Should You Sell?

Shares of Vipshop Holdings Limited (NYSE:VIPS) fell 4.1% during trading on Wednesday. The company traded as low as $12.47 and last traded at $12.4250. Approximately 253,819 shares changed hands during 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

A number of equities analysts have issued reports on VIPS shares. Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a report on Monday, August 24th. JPMorgan Chase & Co. lowered their target price on shares of Vipshop from $21.00 to $17.00 and set an “overweight” rating for the company in a report on Thursday, September 10th. Barclays dropped their price target on shares of Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, August 27th. Zacks Research cut shares of Vipshop from a “hold” rating to a “strong sell” rating in a report on Friday, August 28th. Finally, Citigroup reduced their price objective on shares of Vipshop from $15.30 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.16.

Vipshop Trading Down 3.2%

The stock has a market cap of $6.01 billion, a PE ratio of 4.15, a PEG ratio of 2.01 and a beta of 0.57. The business has a 50-day moving average price of $13.06 and a 200 day moving average price of $13.90.

Vipshop (NYSE:VIPS) last posted 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). Vipshop had a return on equity of 12.63% and a net margin of 9.88%. The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.64 billion. On average, equities analysts predict that Vipshop Holdings Limited will post 1.63 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd increased its position in shares of 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 valued at $38,000 after purchasing an additional 2,118 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Vipshop by 100.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock valued at $58,000 after buying an additional 1,864 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Vipshop during the 2nd quarter valued at about $58,000. State of Wyoming lifted its position in Vipshop by 10,007.7% in the 1st quarter. State of Wyoming now owns 6,570 shares of the technology company’s stock worth $103,000 after buying an additional 6,505 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new stake in Vipshop in the 2nd quarter worth approximately $117,000. Hedge funds and other institutional investors own 48.82% of the company’s stock.

About Vipshop

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.