Vipshop (NYSE:VIPS) Shares Gap Down to $14.44

Shares of Vipshop Holdings Limited (NYSE:VIPS) gapped down before the market opened on Wednesday . The stock had previously closed at $14.44, but opened at $13.84. Vipshop shares last traded at $13.85, with a volume of 680,804 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VIPS shares. CLSA lowered shares of Vipshop from an “outperform” rating to a “hold” rating and decreased their target price for the company from $15.80 to $12.00 in a research report on Wednesday, August 21st. StockNews.com upgraded Vipshop from a “hold” rating to a “buy” rating in a report on Thursday, September 12th. UBS Group lowered Vipshop from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $12.50 in a report on Wednesday, August 21st. Finally, Morgan Stanley reduced their price objective on shares of Vipshop from $16.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.75.

Vipshop Trading Up 10.4 %

The stock has a 50-day moving average of $13.21 and a two-hundred day moving average of $14.85. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 7.11 and a beta of 0.33.

Vipshop (NYSE:VIPS) last announced its earnings results on Tuesday, August 20th. The technology company reported $3.91 EPS for the quarter, topping the consensus estimate 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 period last year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. Sell-side analysts expect that Vipshop Holdings Limited will post 2 EPS for the current fiscal year.

Institutional Trading of Vipshop

Several large investors have recently added to or reduced their stakes in VIPS. Richardson Financial Services Inc. acquired a new stake in shares of Vipshop in the fourth quarter worth $39,000. Blue Trust Inc. grew its stake in Vipshop by 1,904.0% during the 2nd quarter. Blue Trust Inc. now owns 3,527 shares of the technology company’s stock valued at $46,000 after acquiring an additional 3,351 shares in the last quarter. Employees Retirement System of Texas increased its holdings in shares of Vipshop by 143.2% in the 2nd quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,717 shares during the period. National Bank of Canada FI purchased a new stake in shares of Vipshop in the second quarter worth approximately $136,000. Finally, Claro Advisors LLC acquired a new stake in shares of Vipshop during the first quarter worth approximately $189,000. 48.82% of the stock is owned by institutional investors and hedge funds.

Vipshop Company Profile

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.