Vipshop (NYSE:VIPS) Stock Moved Up to Hold by Zacks Research

Zacks Research upgraded shares of Vipshop (NYSE:VIPS) from a strong sell rating to a hold rating in a research note published on Thursday,Zacks reports.

VIPS has been the topic of several other research reports. Barclays dropped their price objective on Vipshop from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. JPMorgan Chase & Co. decreased their target price on Vipshop from $21.00 to $17.00 and set an “overweight” rating for the company in a research report on Thursday, September 10th. Nomura cut Vipshop from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a report on Thursday, August 27th. Morgan Stanley set a $16.00 price target on Vipshop in a research report on Wednesday, August 26th. Finally, Citigroup dropped their price target on Vipshop from $15.30 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Vipshop presently has an average rating of “Hold” and an average price target of $17.16.

Vipshop Price Performance

Shares of VIPS stock opened at $12.89 on Thursday. The company has a market capitalization of $6.17 billion, a P/E ratio of 4.27, a P/E/G ratio of 2.00 and a beta of 0.57. The company’s 50-day simple moving average is $12.83 and its two-hundred day simple moving average is $14.66. Vipshop has a one year low of $12.02 and a one year high of $20.49.

Vipshop (NYSE:VIPS) last issued its earnings results on Wednesday, August 26th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts expect that Vipshop will post 1.63 EPS for the current fiscal year.

Institutional Trading of Vipshop

A number of hedge funds have recently bought and sold shares of VIPS. PNC Financial Services Group Inc. raised its holdings in Vipshop by 12.6% during the first quarter. PNC Financial Services Group Inc. now owns 11,366 shares of the technology company’s stock worth $179,000 after purchasing an additional 1,272 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Vipshop by 1.1% in the third quarter. Quadrant Capital Group LLC now owns 125,747 shares of the technology company’s stock valued at $1,620,000 after acquiring an additional 1,350 shares during the last quarter. QRG Capital Management Inc. lifted its position in Vipshop by 6.0% in the first quarter. QRG Capital Management Inc. now owns 24,033 shares of the technology company’s stock valued at $378,000 after acquiring an additional 1,357 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Vipshop by 100.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,721 shares of the technology company’s stock valued at $58,000 after acquiring an additional 1,864 shares during the last quarter. Finally, Ramsey Quantitative Systems boosted its stake in Vipshop by 25.0% in the third quarter. Ramsey Quantitative Systems now owns 11,000 shares of the technology company’s stock valued at $138,000 after acquiring an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 48.82% of the company’s stock.

Vipshop Company Profile

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.