Vipshop (NYSE:VIPS) Price Target Raised to $18.00

Vipshop (NYSE:VIPS) had its price target lifted by Citigroup from $15.00 to $18.00 in a report published on Friday, Benzinga reports. Citigroup currently has a buy rating on the technology company’s stock.

VIPS has been the subject of a number of other reports. StockNews.com raised shares of Vipshop from a hold rating to a buy rating in a research note on Thursday, September 12th. Morgan Stanley lowered their target price on shares of Vipshop from $16.00 to $14.00 and set an equal weight rating for the company in a research note on Tuesday, August 20th. UBS Group lowered shares of Vipshop from a buy rating to a neutral rating and lowered their target price for the company from $20.00 to $12.50 in a research note on Wednesday, August 21st. Finally, CLSA lowered shares of Vipshop from an outperform rating to a hold rating and lowered their price objective for the stock from $15.80 to $12.00 in a research note on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $17.42.

Vipshop Stock Up 3.1 %

Shares of VIPS opened at $15.76 on Friday. Vipshop has a 52-week low of $11.50 and a 52-week high of $20.19. The company has a market cap of $8.55 billion, a PE ratio of 7.33 and a beta of 0.33. The business has a fifty day moving average of $13.25 and a 200 day moving average of $14.85.

Vipshop (NYSE:VIPS) last issued its earnings results on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $3.43. The firm had revenue of $25.08 billion during the quarter, compared to analyst estimates of $26.61 billion. Vipshop had a net margin of 7.52% and a return on equity of 22.51%. The business’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. As a group, research analysts anticipate that Vipshop will post 2 earnings per share for the current fiscal year.

Institutional Trading of Vipshop

A number of hedge funds have recently added to or reduced their stakes in the business. FIL Ltd raised its holdings in Vipshop by 31.2% in the fourth quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after purchasing an additional 2,593,670 shares in the last quarter. KBC Group NV raised its holdings in Vipshop by 55.8% in the fourth quarter. KBC Group NV now owns 625,584 shares of the technology company’s stock worth $11,110,000 after purchasing an additional 224,098 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Vipshop by 28.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock worth $184,600,000 after purchasing an additional 2,273,198 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Vipshop by 238.7% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 120,582 shares of the technology company’s stock worth $1,996,000 after purchasing an additional 84,976 shares in the last quarter. Finally, Franchise Capital Ltd bought a new position in Vipshop in the fourth quarter worth about $4,669,000. 48.82% of the stock is owned by hedge funds and other institutional investors.

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.